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DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameDAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN
Plan identification number 003

DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

DAYTONA DISCOUNT PHARMACY, INC. has sponsored the creation of one or more 401k plans.

Company Name:DAYTONA DISCOUNT PHARMACY, INC.
Employer identification number (EIN):800142274
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Additional information about DAYTONA DISCOUNT PHARMACY, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2008-01-16
Company Identification Number: P08000005655
Legal Registered Office Address: 408 BLUE BIRCH COURT

SANFORD

32771

More information about DAYTONA DISCOUNT PHARMACY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01
0032016-01-01

Plan Statistics for DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN

401k plan membership statisitcs for DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN

Measure Date Value
2020: DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-09-29341,584
Acturial value of plan assets2020-09-29341,584
Funding target for retired participants and beneficiaries receiving payment2020-09-290
Number of terminated vested participants2020-09-291
Fundng target for terminated vested participants2020-09-291,355
Active participant vested funding target2020-09-29194,284
Number of active participants2020-09-298
Total funding liabilities for active participants2020-09-29194,284
Total participant count2020-09-299
Total funding target for all participants2020-09-29195,639
Balance at beginning of prior year after applicable adjustments2020-09-290
Prefunding balance at beginning of prior year after applicable adjustments2020-09-290
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-290
Prefunding balanced used to offset prior years funding requirement2020-09-290
Amount remaining of carryover balance2020-09-290
Amount remaining of prefunding balance2020-09-290
Present value of excess contributions2020-09-2979,085
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-2979,085
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-290
Reductions in caryover balances due to elections or deemed elections2020-09-290
Reductions in prefunding balances due to elections or deemed elections2020-09-290
Balance of carryovers at beginning of current year2020-09-290
Balance of prefunding at beginning of current year2020-09-290
Total employer contributions2020-09-294,857
Total employee contributions2020-09-290
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-290
Contributions made to avoid restrictions adjusted to valuation date2020-09-290
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-294,880
Unpaid minimum required contributions for all prior years2020-09-290
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-290
Remaining amount of unpaid minimum required contributions2020-09-290
Minimum required contributions for current year target normal cost2020-09-290
Net shortfall amortization installment of oustanding balance2020-09-290
Waiver amortization installment2020-09-290
Total funding amount beforereflecting carryover/prefunding balances2020-09-290
Carryover balance elected to use to offset funding requirement2020-09-290
Prefunding balance elected to use to offset funding requirement2020-09-290
Additional cash requirement2020-09-290
Contributions allocatedtoward minimum required contributions for current year2020-09-294,880
Unpaid minimum required contributions for current year2020-09-290
Unpaid minimum required contributions for all years2020-09-290
2019: DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-31281,315
Acturial value of plan assets2019-12-31281,315
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-311,327
Active participant vested funding target2019-12-31137,219
Number of active participants2019-12-318
Total funding liabilities for active participants2019-12-31137,219
Total participant count2019-12-319
Total funding target for all participants2019-12-31138,546
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3189,538
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3189,538
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3180,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3179,085
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3143,736
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-3179,085
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31160,308
Acturial value of plan assets2018-12-31160,308
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-3184,355
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-3184,355
Total participant count2018-12-319
Total funding target for all participants2018-12-3184,355
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3178,792
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3178,792
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3192,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3189,538
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3141,425
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3189,538
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-3186,329
Acturial value of plan assets2017-12-3186,329
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-3138,416
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-3138,416
Total participant count2017-12-319
Total funding target for all participants2017-12-3138,416
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3144,704
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3144,704
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3181,117
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3178,792
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3137,744
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-3178,792
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DAYTONA DISCOUNT PHARMACY, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-310
Acturial value of plan assets2016-12-310
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-317
Total funding target for all participants2016-12-310
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3180,659
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-3179,416
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3134,712
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3134,712
Additional cash requirement2016-12-3134,712
Contributions allocatedtoward minimum required contributions for current year2016-12-3179,416
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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