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SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSARAPHINE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

SARAPHINE, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.

401k Sponsoring company profile

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

Company Name:SARAPHINE, INC.
Employer identification number (EIN):474707326
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about SARAPHINE, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2015-08-04
Company Identification Number: 20151464814

More information about SARAPHINE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SARAPHINE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-08-04TRACY VISCONTI
0012015-08-04TRACY VISCONTI

Plan Statistics for SARAPHINE, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SARAPHINE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-08-041
Total number of active participants reported on line 7a of the Form 55002016-08-040
Number of retired or separated participants receiving benefits2016-08-040
Number of other retired or separated participants entitled to future benefits2016-08-040
Total of all active and inactive participants2016-08-040
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-08-040
Total participants2016-08-040
Number of participants with account balances2016-08-040
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-08-040
2015: SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-08-041
Total number of active participants reported on line 7a of the Form 55002015-08-041
Number of retired or separated participants receiving benefits2015-08-040
Number of other retired or separated participants entitled to future benefits2015-08-040
Total of all active and inactive participants2015-08-041
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-08-040
Total participants2015-08-041
Number of participants with account balances2015-08-041
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-08-040

Financial Data on SARAPHINE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-08-15$0
Total plan liabilities at end of year2016-08-15$0
Total plan liabilities at beginning of year2016-08-15$0
Total income from all sources2016-08-15$-193,324
Expenses. Total of all expenses incurred2016-08-15$1,497
Benefits paid (including direct rollovers)2016-08-15$1,497
Total plan assets at end of year2016-08-15$0
Total plan assets at beginning of year2016-08-15$194,821
Total contributions received or receivable from participants2016-08-15$0
Expenses. Other expenses not covered elsewhere2016-08-15$0
Contributions received from other sources (not participants or employers)2016-08-15$0
Other income received2016-08-15$-193,324
Noncash contributions received2016-08-15$0
Net income (gross income less expenses)2016-08-15$-194,821
Net plan assets at end of year (total assets less liabilities)2016-08-15$0
Net plan assets at beginning of year (total assets less liabilities)2016-08-15$194,821
Assets. Value of employer securities2016-08-15$0
Total contributions received or receivable from employer(s)2016-08-15$0
Value of certain deemed distributions of participant loans2016-08-15$0
Value of corrective distributions2016-08-15$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-08-15$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-08-15$0
2015 : SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$194,821
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$194,821
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$194,821
Other income received2015-12-31$0
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$194,821
Net plan assets at end of year (total assets less liabilities)2015-12-31$194,821
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$194,820
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for SARAPHINE, INC. 401(K) PROFIT SHARING PLAN

2016: SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-08-04Type of plan entitySingle employer plan
2016-08-04Submission has been amendedNo
2016-08-04This submission is the final filingYes
2016-08-04This return/report is a short plan year return/report (less than 12 months)Yes
2016-08-04Plan is a collectively bargained planNo
2016-08-04Plan funding arrangement – TrustYes
2016-08-04Plan benefit arrangement - TrustYes
2015: SARAPHINE, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-08-04Type of plan entitySingle employer plan
2015-08-04First time form 5500 has been submittedYes
2015-08-04Submission has been amendedNo
2015-08-04This submission is the final filingNo
2015-08-04This return/report is a short plan year return/report (less than 12 months)Yes
2015-08-04Plan is a collectively bargained planNo
2015-08-04Plan funding arrangement – TrustYes
2015-08-04Plan benefit arrangement - TrustYes

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