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MEDICAL WEST COMPANIES PROFIT SHARING PLAN 401k Plan overview

Plan NameMEDICAL WEST COMPANIES PROFIT SHARING PLAN
Plan identification number 002

MEDICAL WEST COMPANIES PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.

401k Sponsoring company profile

MEDICAL WEST PHARMACY, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL WEST PHARMACY, INC.
Employer identification number (EIN):430728831
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL WEST COMPANIES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01KENNETH SANDLER
0022013-01-01KENNETH SANDLER
0022012-01-01KENNETH SANDLER
0022011-01-01PAMELA LABBEE
0022010-01-01PAMELA LABBEE2011-06-22

Plan Statistics for MEDICAL WEST COMPANIES PROFIT SHARING PLAN

401k plan membership statisitcs for MEDICAL WEST COMPANIES PROFIT SHARING PLAN

Measure Date Value
2014: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01160
Total number of active participants reported on line 7a of the Form 55002014-01-01143
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01150
Number of participants with account balances2014-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01163
Total number of active participants reported on line 7a of the Form 55002013-01-01146
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01160
Number of participants with account balances2013-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-014
2012: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01143
Total number of active participants reported on line 7a of the Form 55002012-01-01135
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-013
Total of all active and inactive participants2012-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01138
Number of participants with account balances2012-01-0178
2011: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01127
Total number of active participants reported on line 7a of the Form 55002011-01-01119
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01119
Number of participants with account balances2011-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on MEDICAL WEST COMPANIES PROFIT SHARING PLAN

Measure Date Value
2014 : MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$764,381
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$299,770
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$248,642
Value of total corrective distributions2014-12-31$3,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$399,883
Value of total assets at end of year2014-12-31$5,965,289
Value of total assets at beginning of year2014-12-31$5,500,678
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$47,948
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$47,948
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$319,192
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$1,573
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$464,611
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,965,289
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$5,500,678
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,782,246
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$3,457,766
Value of interest in common/collective trusts at end of year2014-12-31$3,103,925
Value of interest in common/collective trusts at beginning of year2014-12-31$1,961,969
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,195
Net investment gain or loss from common/collective trusts2014-12-31$363,303
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$79,118
Employer contributions (assets) at end of year2014-12-31$79,118
Employer contributions (assets) at beginning of year2014-12-31$80,943
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$248,642
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31RUBINBROWN LLP
Accountancy firm EIN2014-12-31430765316
2013 : MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,385,280
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$429,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$385,151
Value of total corrective distributions2013-12-31$3,336
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$391,345
Value of total assets at end of year2013-12-31$5,500,678
Value of total assets at beginning of year2013-12-31$4,544,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$41,041
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$41,041
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$310,402
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$955,752
Value of net assets at end of year (total assets less liabilities)2013-12-31$5,500,678
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$4,544,926
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$3,457,766
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,754,023
Value of interest in common/collective trusts at end of year2013-12-31$1,961,969
Value of interest in common/collective trusts at beginning of year2013-12-31$1,711,196
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$543,498
Net investment gain or loss from common/collective trusts2013-12-31$450,437
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$80,943
Employer contributions (assets) at end of year2013-12-31$80,943
Employer contributions (assets) at beginning of year2013-12-31$79,707
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$385,151
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31RUBINBROWN LLP
Accountancy firm EIN2013-12-31430765316
2012 : MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$134,933
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$961,183
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$118,107
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$80,101
Value of total corrective distributions2012-12-31$2,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$412,621
Value of total assets at end of year2012-12-31$4,544,926
Value of total assets at beginning of year2012-12-31$3,566,917
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$35,639
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$35,639
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$307,068
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$25,846
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$13,416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$843,076
Value of net assets at end of year (total assets less liabilities)2012-12-31$4,544,926
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,566,917
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,754,023
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,035,637
Value of interest in common/collective trusts at end of year2012-12-31$1,711,196
Value of interest in common/collective trusts at beginning of year2012-12-31$1,467,974
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$303,434
Net investment gain or loss from common/collective trusts2012-12-31$245,128
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$79,707
Employer contributions (assets) at end of year2012-12-31$79,707
Employer contributions (assets) at beginning of year2012-12-31$49,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$80,101
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31RUBINBROWN LLP
Accountancy firm EIN2012-12-31430765316
2011 : MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$317,427
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$89,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$58,386
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$393,429
Value of total assets at end of year2011-12-31$3,566,917
Value of total assets at beginning of year2011-12-31$3,338,737
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$30,861
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$30,861
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$328,574
Participant contributions at beginning of year2011-12-31$11,454
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$14,965
Total non interest bearing cash at end of year2011-12-31$13,416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$228,180
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,566,917
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,338,737
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,035,637
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,190,648
Value of interest in common/collective trusts at end of year2011-12-31$1,467,974
Value of interest in common/collective trusts at beginning of year2011-12-31$1,097,015
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-69,816
Net investment gain or loss from common/collective trusts2011-12-31$-6,186
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$49,890
Employer contributions (assets) at end of year2011-12-31$49,890
Employer contributions (assets) at beginning of year2011-12-31$39,620
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$58,386
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31RUBINBROWN LLP
Accountancy firm EIN2011-12-31430765316

Form 5500 Responses for MEDICAL WEST COMPANIES PROFIT SHARING PLAN

2014: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MEDICAL WEST COMPANIES PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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