401k Plan data: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST plan

WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 401k Plan overview

Plan Name	WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST
Plan identification number	001

WELLTHY, INC. 401(K) RETIREMENT PLAN AND 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.
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

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

Company Name: WELLTHY, INC.

Employer identification number (EIN): 472721806

NAIC Classification: 624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01 ALEXANDER NEWBOLD 2021-06-15
001 2020-01-01 ALEXANDER NEWBOLD 2022-12-07

Plan Statistics for WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST

401k plan membership statisitcs for WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST

Measure Date Value
2023: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year 2023-01-01 342
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 246
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 61
Total of all active and inactive participants 2023-01-01 307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 307
Number of participants with account balances 2023-01-01 305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 39
2022: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 260
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 285
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 48
Total of all active and inactive participants 2022-01-01 333
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 333
Number of participants with account balances 2022-01-01 324
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 26
2021: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 149
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 220
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 25
Total of all active and inactive participants 2021-01-01 245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 245
Number of participants with account balances 2021-01-01 237
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 22

Measure	Date	Value
2023: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year	2023-01-01	342
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	246
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	61
Total of all active and inactive participants	2023-01-01	307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	307
Number of participants with account balances	2023-01-01	305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	39
2022: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	260
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	285
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	48
Total of all active and inactive participants	2022-01-01	333
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	333
Number of participants with account balances	2022-01-01	324
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	26
2021: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	149
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	220
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	25
Total of all active and inactive participants	2021-01-01	245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	245
Number of participants with account balances	2021-01-01	237
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	22

Financial Data on WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST

Measure	Date	Value
2023 : WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2023 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$18,813
Total income from all sources (including contributions)	2023-12-31	$3,769,984
Total of all expenses incurred	2023-12-31	$618,502
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$581,576
Expenses. Certain deemed distributions of participant loans	2023-12-31	$18,813
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$2,700,360
Value of total assets at end of year	2023-12-31	$7,044,792
Value of total assets at beginning of year	2023-12-31	$3,874,497
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$18,113
Total interest from all sources	2023-12-31	$2,549
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$83,426
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$83,426
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$148,000
If this is an individual account plan, was there a blackout period	2023-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,585,642
Participant contributions at end of year	2023-12-31	$27,423
Participant contributions at beginning of year	2023-12-31	$27,229
Participant contributions at end of year	2023-12-31	$0
Participant contributions at beginning of year	2023-12-31	$42,525
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$285,174
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$18,813
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$3,151,482
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$7,025,979
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$3,874,497
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$6,778,544
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$3,644,060
Interest on participant loans	2023-12-31	$1,800
Interest earned on other investments	2023-12-31	$749
Value of interest in common/collective trusts at end of year	2023-12-31	$0
Value of interest in common/collective trusts at beginning of year	2023-12-31	$85,444
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$196,406
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$982,143
Net investment gain or loss from common/collective trusts	2023-12-31	$1,506
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$829,544
Employer contributions (assets) at end of year	2023-12-31	$42,419
Employer contributions (assets) at beginning of year	2023-12-31	$75,239
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$581,576
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2023-12-31	Yes
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	CERINI & ASSOCIATES
Accountancy firm EIN	2023-12-31	113066459
2022 : WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$0
Total transfer of assets from this plan	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$2,691,622
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$291,402
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$276,733
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$3,050,705
Value of total assets at end of year	2022-12-31	$3,874,497
Value of total assets at beginning of year	2022-12-31	$1,474,277
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$14,669
Total interest from all sources	2022-12-31	$454
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$74,131
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$74,131
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$148,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,417,088
Participant contributions at end of year	2022-12-31	$27,229
Participant contributions at beginning of year	2022-12-31	$6,054
Participant contributions at end of year	2022-12-31	$42,525
Participant contributions at beginning of year	2022-12-31	$28,939
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$872,168
Other income not declared elsewhere	2022-12-31	$25
Administrative expenses (other) incurred	2022-12-31	$14,669
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$2,400,220
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,874,497
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$1,474,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$3,644,060
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$1,274,585
Interest on participant loans	2022-12-31	$454
Value of interest in common/collective trusts at end of year	2022-12-31	$85,444
Value of interest in common/collective trusts at beginning of year	2022-12-31	$47,780
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-434,882
Net investment gain or loss from common/collective trusts	2022-12-31	$1,189
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$761,449
Employer contributions (assets) at end of year	2022-12-31	$75,239
Employer contributions (assets) at beginning of year	2022-12-31	$116,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$276,733
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CERINI & ASSOCIATES
Accountancy firm EIN	2022-12-31	113066459
2021 : WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$0
Total transfer of assets from this plan	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$1,298,680
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$49,644
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$45,628
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,210,270
Value of total assets at end of year	2021-12-31	$1,474,277
Value of total assets at beginning of year	2021-12-31	$225,241
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$4,016
Total interest from all sources	2021-12-31	$22
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$28,021
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$28,021
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$9,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$748,433
Participant contributions at end of year	2021-12-31	$6,054
Participant contributions at end of year	2021-12-31	$28,939
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$57,169
Administrative expenses (other) incurred	2021-12-31	$4,016
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,249,036
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,474,277
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$225,241
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$1,274,585
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$224,149
Interest on participant loans	2021-12-31	$22
Value of interest in common/collective trusts at end of year	2021-12-31	$47,780
Value of interest in common/collective trusts at beginning of year	2021-12-31	$1,092
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$59,711
Net investment gain or loss from common/collective trusts	2021-12-31	$656
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$404,668
Employer contributions (assets) at end of year	2021-12-31	$116,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$45,628
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CERINI & ASSOCIATES
Accountancy firm EIN	2021-12-31	113066459

Form 5500 Responses for WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST

2023: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WELLTHY, INC. 401(K) RETIREMENT PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

517992

Policy instance

Insurance contract or identification number	517992
Number of Individuals Covered	305
Insurance policy start date	2023-06-22
Insurance policy end date	2023-12-31
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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Company Name:	WELLTHY, INC.
Employer identification number (EIN):	472721806
NAIC Classification:	624100
NAIC Description:	Individual and Family Services