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OASIS NURSING & REHAB, LLC 401k Plan overview

Plan NameOASIS NURSING & REHAB, LLC
Plan identification number 001

OASIS NURSING & REHAB, LLC 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.
  • 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

OASIS NURSING & REHAB, LLC has sponsored the creation of one or more 401k plans.

Company Name:OASIS NURSING & REHAB, LLC
Employer identification number (EIN):824762760
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OASIS NURSING & REHAB, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01VU TRAN2024-05-16
0012022-01-01
0012022-01-01VU TRAN
0012021-01-01VU TRAN2022-05-06
0012020-01-01VU TRAN2021-06-17
0012019-01-01VU TRAN2020-10-14

Financial Data on OASIS NURSING & REHAB, LLC

Measure Date Value
2025 : OASIS NURSING & REHAB, LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-29122409
Net assets as of the end of the plan year2025-04-291478669
Total assets as of the beginning of the plan year2025-04-291186323
Value of plan covered by a fidelity bond2025-04-29120000
Participant contributions to plan in this plan year2025-04-29167521
Value of participant loans at end of plan year2025-04-2920407
Other contributions to plan in this plan year2025-04-2930219
Other income to plan in this plan year2025-04-29217015
Plan net income in this plan year2025-04-29292346
Net assets as of the end of the plan year2025-04-291478669
Net assets as of the beginning of the plan year2025-04-291186323
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2917507
2024 : OASIS NURSING & REHAB, LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-1621541
Net assets as of the end of the plan year2024-05-161186323
Total assets as of the beginning of the plan year2024-05-16776571
Value of plan covered by a fidelity bond2024-05-1678000
Participant contributions to plan in this plan year2024-05-16167156
Value of participant loans at end of plan year2024-05-1612853
Other contributions to plan in this plan year2024-05-1676430
Other income to plan in this plan year2024-05-16187707
Plan net income in this plan year2024-05-16409752
Net assets as of the end of the plan year2024-05-161186323
Net assets as of the beginning of the plan year2024-05-16776571
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-1621024
2022 : OASIS NURSING & REHAB, LLC 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$702,374
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$77,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$67,233
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$772,123
Value of total assets at end of year2022-12-31$776,571
Value of total assets at beginning of year2022-12-31$151,933
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$10,503
Total interest from all sources2022-12-31$750
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$313
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$313
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,200
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$174,010
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$598,113
Other income not declared elsewhere2022-12-31$-11,321
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$624,638
Value of net assets at end of year (total assets less liabilities)2022-12-31$776,571
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$151,933
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$22,219
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$5,611
Value of interest in pooled separate accounts at end of year2022-12-31$497,459
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$90
Interest earned on other investments2022-12-31$660
Value of interest in common/collective trusts at end of year2022-12-31$196,274
Value of interest in common/collective trusts at beginning of year2022-12-31$134,424
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$60,619
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$11,898
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,994
Net investment gain/loss from pooled separate accounts2022-12-31$-35,891
Net investment gain or loss from common/collective trusts2022-12-31$-20,606
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$67,233
Contract administrator fees2022-12-31$10,503
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 name2022-12-31COOPER SAVAS
Accountancy firm EIN2022-12-31275169784
Total expenses incurred by plan in this plan year2022-05-0612537
Net assets as of the end of the plan year2022-05-06151933
Total assets as of the beginning of the plan year2022-05-06108957
Value of plan covered by a fidelity bond2022-05-0611000
Participant contributions to plan in this plan year2022-05-0637771
Value of participant loans at end of plan year2022-05-06100
Other income to plan in this plan year2022-05-0617742
Plan net income in this plan year2022-05-0642976
Net assets as of the end of the plan year2022-05-06151933
Net assets as of the beginning of the plan year2022-05-06108957
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-066807
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$702,374
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$77,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$67,233
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$772,123
Value of total assets at end of year2022-01-01$776,571
Value of total assets at beginning of year2022-01-01$151,933
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$10,503
Total interest from all sources2022-01-01$750
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$313
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$15,200
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$174,010
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$598,113
Other income not declared elsewhere2022-01-01$-11,321
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$624,638
Value of net assets at end of year (total assets less liabilities)2022-01-01$776,571
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$151,933
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$22,219
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$5,611
Value of interest in pooled separate accounts at end of year2022-01-01$497,459
Value of interest in pooled separate accounts at beginning of year2022-01-01$0
Interest on participant loans2022-01-01$90
Interest earned on other investments2022-01-01$660
Value of interest in common/collective trusts at end of year2022-01-01$196,274
Value of interest in common/collective trusts at beginning of year2022-01-01$134,424
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$60,619
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$11,898
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-2,994
Net investment gain/loss from pooled separate accounts2022-01-01$-35,891
Net investment gain or loss from common/collective trusts2022-01-01$-20,606
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$67,233
Contract administrator fees2022-01-01$10,503
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01COOPER SAVAS
Accountancy firm EIN2022-01-01275169784

Form 5500 Responses for OASIS NURSING & REHAB, LLC

2022: OASIS NURSING & REHAB, LLC 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
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

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered475
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $16
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number468223
Policy instance 2
Insurance contract or identification number468223
Number of Individuals Covered475
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $111
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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