401k Plan data: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN plan

VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 401k Plan overview

Plan Name	VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN
Plan identification number	001

VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 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.
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) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

VARSITY EMERGENCY CARE MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name: VARSITY EMERGENCY CARE MANAGEMENT, LLC

Employer identification number (EIN): 821583519

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01
001 2019-01-01

Plan Statistics for VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN

401k plan membership statisitcs for VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN

Measure Date Value
2020: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 529
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 502
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 36
Total of all active and inactive participants 2020-01-01 538
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 538
Number of participants with account balances 2020-01-01 165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2
2019: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 285
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 479
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 44
Total of all active and inactive participants 2019-01-01 523
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 523
Number of participants with account balances 2019-01-01 159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 6

Measure	Date	Value
2020: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	529
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	502
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	36
Total of all active and inactive participants	2020-01-01	538
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	538
Number of participants with account balances	2020-01-01	165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2
2019: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	285
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	479
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	44
Total of all active and inactive participants	2019-01-01	523
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	523
Number of participants with account balances	2019-01-01	159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	6

Financial Data on VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN

Measure	Date	Value
2020 : VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$2,314,963
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$5,500,198
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$5,445,517
Value of total corrective distributions	2020-12-31	$13,995
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,084,549
Value of total assets at end of year	2020-12-31	$5,353,738
Value of total assets at beginning of year	2020-12-31	$8,538,973
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$40,686
Total interest from all sources	2020-12-31	$1,524
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$126,029
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$126,029
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$722,257
Participant contributions at end of year	2020-12-31	$4,863
Participant contributions at beginning of year	2020-12-31	$200
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$13,026
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$-3,185,235
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$5,353,738
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$8,538,973
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$28,673
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$5,293,967
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$8,441,737
Interest on participant loans	2020-12-31	$0
Income. Interest from loans (other than to participants)	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$51,426
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$96,996
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$96,996
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$1,524
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,102,861
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$349,266
Employer contributions (assets) at end of year	2020-12-31	$3,482
Employer contributions (assets) at beginning of year	2020-12-31	$40
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$5,445,517
Contract administrator fees	2020-12-31	$12,013
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	POSTLETHWAITE AND NETTERVILLE
Accountancy firm EIN	2020-12-31	721202445
2019 : VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets to this plan	2019-12-31	$187,791
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$2,950,102
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$2,548,420
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$2,509,880
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,013,972
Value of total assets at end of year	2019-12-31	$8,538,973
Value of total assets at beginning of year	2019-12-31	$7,949,500
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$38,540
Total interest from all sources	2019-12-31	$4,593
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$187,559
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$187,559
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$658,864
Participant contributions at end of year	2019-12-31	$200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$401,682
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$8,538,973
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$7,949,500
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$29,901
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$8,441,737
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$7,576,441
Interest on participant loans	2019-12-31	$20
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$96,996
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$372,959
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$372,959
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$4,573
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,743,978
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$355,108
Employer contributions (assets) at end of year	2019-12-31	$40
Employer contributions (assets) at beginning of year	2019-12-31	$100
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$2,509,880
Contract administrator fees	2019-12-31	$8,639
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	POSTHELWAITE AND NETTERVILLE
Accountancy firm EIN	2019-12-31	721202445

Form 5500 Responses for VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN

2020: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VARSITY EMERGENCY CARE MANAGEMENT, LLC EMPLOYEES SAVINGS PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VARSITY EMERGENCY CARE MANAGEMENT, LLC
Employer identification number (EIN):	821583519
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)