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SUN LABS USA, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameSUN LABS USA, INC. RETIREMENT SAVINGS PLAN
Plan identification number 001

SUN LABS USA, INC. RETIREMENT SAVINGS PLAN 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

SUN LABS USA, INC. has sponsored the creation of one or more 401k plans.

Company Name:SUN LABS USA, INC.
Employer identification number (EIN):205821668
NAIC Classification:621510
NAIC Description: Medical and Diagnostic Laboratories

Additional information about SUN LABS USA, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1998-11-06
Company Identification Number: P98000094547
Legal Registered Office Address: 1010 N Florida Avenue

TAMPA

33602

More information about SUN LABS USA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUN LABS USA, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-02-15DEVAIAH PAGIDIPATI

Plan Statistics for SUN LABS USA, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for SUN LABS USA, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2015: SUN LABS USA, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-02-15176
Total number of active participants reported on line 7a of the Form 55002015-02-15149
Number of retired or separated participants receiving benefits2015-02-150
Number of other retired or separated participants entitled to future benefits2015-02-1512
Total of all active and inactive participants2015-02-15161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-02-150
Total participants2015-02-15161
Number of participants with account balances2015-02-1561
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-02-150

Financial Data on SUN LABS USA, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2015 : SUN LABS USA, INC. RETIREMENT SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$296,301
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$651,905
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$61,889
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$59,899
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$664,387
Value of total assets at end of year2015-12-31$886,317
Value of total assets at beginning of year2015-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,990
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$10,449
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$10,449
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$179,501
Participant contributions at end of year2015-12-31$4,583
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$484,886
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$590,016
Value of net assets at end of year (total assets less liabilities)2015-12-31$886,317
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$420
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$881,734
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-22,931
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$59,899
Contract administrator fees2015-12-31$1,570
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31GOLDSTEIN, ZUGMAN,WEINSTEIN & POOLE
Accountancy firm EIN2015-12-31200453834

Form 5500 Responses for SUN LABS USA, INC. RETIREMENT SAVINGS PLAN

2015: SUN LABS USA, INC. RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-02-15Type of plan entitySingle employer plan
2015-02-15First time form 5500 has been submittedYes
2015-02-15Submission has been amendedNo
2015-02-15This submission is the final filingNo
2015-02-15This return/report is a short plan year return/report (less than 12 months)Yes
2015-02-15Plan is a collectively bargained planNo
2015-02-15Plan funding arrangement – TrustYes
2015-02-15Plan benefit arrangement - TrustYes

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