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DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 401k Plan overview

Plan NameDISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN
Plan identification number 001

DISPENSING DYNAMICS INTERNATIONAL 401(K) 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DISPENSING DYNAMICS INTERNATIONAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:DISPENSING DYNAMICS INTERNATIONAL, INC.
Employer identification number (EIN):208955810
NAIC Classification:424100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01NATHAN DRUCKENMILLER NATHAN DRUCKENMILLER2018-10-15
0012016-01-01CHRIS SIGMON
0012015-01-01ANDREW STERKOWITZ2016-04-26 ANDREW STERKOWITZ2016-04-26
0012014-01-01ANDREW STERKOWITZ2015-07-28 ANDREW STERKOWITZ2015-07-28
0012013-01-01ANDREW STERKOWITZ2014-09-12
0012012-01-01SCOTT STRACHAN2013-10-14 SCOTT STRACHAN2013-10-14
0012011-01-01SCOTT STRACHAN2012-10-09
0012010-01-01LAWRENCE MACCORMACK2011-04-25

Plan Statistics for DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN

401k plan membership statisitcs for DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN

Measure Date Value
2017: DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01143
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01137
Total number of active participants reported on line 7a of the Form 55002016-01-01111
Number of retired or separated participants receiving benefits2016-01-013
Number of other retired or separated participants entitled to future benefits2016-01-0128
Total of all active and inactive participants2016-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01142
Number of participants with account balances2016-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN

Measure Date Value
2017 : DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-20$492,628
Total of all expenses incurred2017-12-20$2,927,005
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-20$2,925,280
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-20$164,302
Value of total assets at end of year2017-12-20$0
Value of total assets at beginning of year2017-12-20$2,434,377
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-20$1,725
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-20Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-20$0
Was this plan covered by a fidelity bond2017-12-20Yes
Value of fidelity bond cover2017-12-20$500,000
If this is an individual account plan, was there a blackout period2017-12-20No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-20$0
Were there any nonexempt tranactions with any party-in-interest2017-12-20No
Contributions received from participants2017-12-20$72,709
Assets. Other investments not covered elsewhere at end of year2017-12-20$0
Assets. Other investments not covered elsewhere at beginning of year2017-12-20$157,609
Administrative expenses (other) incurred2017-12-20$1,725
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-20No
Value of net income/loss2017-12-20$-2,434,377
Value of net assets at end of year (total assets less liabilities)2017-12-20$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-20$2,434,377
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-20No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-20No
Were any leases to which the plan was party in default or uncollectible2017-12-20No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-20$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-20$2,276,768
Net investment gain/loss from pooled separate accounts2017-12-20$328,326
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-20No
Was there a failure to transmit to the plan any participant contributions2017-12-20No
Has the plan failed to provide any benefit when due under the plan2017-12-20No
Contributions received in cash from employer2017-12-20$91,593
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-20$2,925,280
Did the plan have assets held for investment2017-12-20No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-20No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-20Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-20Yes
Opinion of an independent qualified public accountant for this plan2017-12-20Disclaimer
Accountancy firm name2017-12-20PENSION ASSURANCE LLP
Accountancy firm EIN2017-12-20300840934
2016 : DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$332,016
Total of all expenses incurred2016-12-31$189,657
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$189,657
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$187,230
Value of total assets at end of year2016-12-31$2,434,377
Value of total assets at beginning of year2016-12-31$2,292,018
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$187,230
Assets. Other investments not covered elsewhere at end of year2016-12-31$157,609
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$238,786
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$142,359
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,434,377
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,292,018
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,276,768
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,053,232
Net investment gain/loss from pooled separate accounts2016-12-31$144,786
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$189,657
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2016-12-31300840934

Form 5500 Responses for DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN

2017: DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: DISPENSING DYNAMICS INTERNATIONAL 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number79614
Policy instance 1
Insurance contract or identification number79614
Number of Individuals Covered0
Insurance policy start date2017-01-01
Insurance policy end date2017-12-20
Total amount of commissions paid to insurance brokerUSD $9,367
Total amount of fees paid to insurance companyUSD $1,188
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,367
Insurance broker organization code?3
Amount paid for insurance broker fees1188
Additional information about fees paid to insurance brokerCONSULTING
Insurance broker nameNATIONAL RETIREMENT SERVICES, INC.

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