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PROPHARMA GROUP 401(K) PLAN 401k Plan overview

Plan NamePROPHARMA GROUP 401(K) PLAN
Plan identification number 001

PROPHARMA GROUP 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PROPHARMA GROUP has sponsored the creation of one or more 401k plans.

Company Name:PROPHARMA GROUP
Employer identification number (EIN):481248615
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROPHARMA GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01ROBERT CHESTNUT ROBERT CHESTNUT2014-10-13
0012012-01-01RACHEL BIAS2013-07-05 RACHEL BIAS2013-07-05
0012011-01-01RACHEL BIAS2012-07-16 RACHEL BIAS2012-07-16
0012010-01-01RACHEL BIAS2011-07-28 RACHEL BIAS2011-07-28
0012008-01-01RACHEL BIAS RACHEL BIAS2013-03-19
0012007-01-01RACHEL BIAS RACHEL BIAS2013-03-20
0012006-01-01RACHEL BIAS RACHEL BIAS2013-03-20

Plan Statistics for PROPHARMA GROUP 401(K) PLAN

401k plan membership statisitcs for PROPHARMA GROUP 401(K) PLAN

Measure Date Value
2013: PROPHARMA GROUP 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01149
Total number of active participants reported on line 7a of the Form 55002013-01-01133
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01148
Number of participants with account balances2013-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017
2008: PROPHARMA GROUP 401(K) PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0173
Total number of active participants reported on line 7a of the Form 55002008-01-0156
Number of other retired or separated participants entitled to future benefits2008-01-0113
Total of all active and inactive participants2008-01-0169
Total participants2008-01-0169
Number of participants with account balances2008-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-0119
2007: PROPHARMA GROUP 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0181
Total number of active participants reported on line 7a of the Form 55002007-01-0164
Number of other retired or separated participants entitled to future benefits2007-01-017
Total of all active and inactive participants2007-01-0171
Total participants2007-01-0171
Number of participants with account balances2007-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-0115
2006: PROPHARMA GROUP 401(K) PLAN 2006 401k membership
Total participants, beginning-of-year2006-01-0138
Total number of active participants reported on line 7a of the Form 55002006-01-0151
Number of other retired or separated participants entitled to future benefits2006-01-012
Total of all active and inactive participants2006-01-0153
Total participants2006-01-0153
Number of participants with account balances2006-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-018

Financial Data on PROPHARMA GROUP 401(K) PLAN

Measure Date Value
2013 : PROPHARMA GROUP 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$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$1,527,581
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$99,619
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$97,699
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$871,474
Value of total assets at end of year2013-12-31$4,361,122
Value of total assets at beginning of year2013-12-31$2,933,160
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,920
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$2,684
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
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$100,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
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
Amount of non-exempt transactions with any party-in-interest2013-12-31$0
Contributions received from participants2013-12-31$586,094
Participant contributions at end of year2013-12-31$52,019
Participant contributions at beginning of year2013-12-31$73,842
Participant contributions at end of year2013-12-31$20,505
Participant contributions at beginning of year2013-12-31$25,544
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$13,807
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$619
Administrative expenses (other) incurred2013-12-31$0
Liabilities. Value of operating payables 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$1,427,962
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,361,122
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,933,160
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2013-12-31$0
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in pooled separate accounts at end of year2013-12-31$4,017,025
Value of interest in pooled separate accounts at beginning of year2013-12-31$2,627,590
Interest on participant loans2013-12-31$2,684
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$0
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$0
Net investment gain/loss from pooled separate accounts2013-12-31$652,804
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
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 contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$271,573
Employer contributions (assets) at end of year2013-12-31$271,573
Employer contributions (assets) at beginning of year2013-12-31$206,184
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$97,699
Contract administrator fees2013-12-31$1,920
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
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
Aggregate proceeds on sale of assets2013-12-31$0
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
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 name2013-12-31EMERICK & COMPANY, P.C.
Accountancy firm EIN2013-12-31431855764
2008 : PROPHARMA GROUP 401(K) PLAN 2008 401k financial data
Total income from all sources2008-12-31$132,101
Expenses. Total of all expenses incurred2008-12-31$135,922
Benefits paid (including direct rollovers)2008-12-31$135,626
Total plan assets at end of year2008-12-31$812,237
Total plan assets at beginning of year2008-12-31$816,058
Value of fidelity bond covering the plan2008-12-31$100,000
Total contributions received or receivable from participants2008-12-31$329,106
Expenses. Other expenses not covered elsewhere2008-12-31$296
Contributions received from other sources (not participants or employers)2008-12-31$24,915
Other income received2008-12-31$-373,195
Net income (gross income less expenses)2008-12-31$-3,821
Net plan assets at end of year (total assets less liabilities)2008-12-31$812,237
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$816,058
Assets. Value of participant loans2008-12-31$31,855
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022008-12-31$78,276
Total contributions received or receivable from employer(s)2008-12-31$151,275
2007 : PROPHARMA GROUP 401(K) PLAN 2007 401k financial data
Total income from all sources2007-12-31$521,373
Expenses. Total of all expenses incurred2007-12-31$252,520
Benefits paid (including direct rollovers)2007-12-31$251,944
Total plan assets at end of year2007-12-31$816,058
Total plan assets at beginning of year2007-12-31$547,205
Value of fidelity bond covering the plan2007-12-31$100,000
Total contributions received or receivable from participants2007-12-31$325,333
Expenses. Other expenses not covered elsewhere2007-12-31$576
Contributions received from other sources (not participants or employers)2007-12-31$19,971
Other income received2007-12-31$22,229
Net income (gross income less expenses)2007-12-31$268,853
Net plan assets at end of year (total assets less liabilities)2007-12-31$816,058
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$547,205
Assets. Value of participant loans2007-12-31$26,148
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022007-12-31$52,259
Total contributions received or receivable from employer(s)2007-12-31$153,840
2006 : PROPHARMA GROUP 401(K) PLAN 2006 401k financial data
Total income from all sources2006-12-31$590,436
Expenses. Total of all expenses incurred2006-12-31$43,231
Benefits paid (including direct rollovers)2006-12-31$43,231
Total plan assets at end of year2006-12-31$547,205
Value of fidelity bond covering the plan2006-12-31$100,000
Total contributions received or receivable from participants2006-12-31$313,543
Contributions received from other sources (not participants or employers)2006-12-31$102,907
Other income received2006-12-31$35,143
Net income (gross income less expenses)2006-12-31$547,205
Net plan assets at end of year (total assets less liabilities)2006-12-31$547,205
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022006-12-31$52,259
Total contributions received or receivable from employer(s)2006-12-31$138,843

Form 5500 Responses for PROPHARMA GROUP 401(K) PLAN

2013: PROPHARMA GROUP 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2008: PROPHARMA GROUP 401(K) PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes
2008-01-01Plan benefit arrangement - TrustYes
2007: PROPHARMA GROUP 401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes
2006: PROPHARMA GROUP 401(K) PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01First time form 5500 has been submittedYes
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – InsuranceYes
2006-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454967
Policy instance 1
Insurance contract or identification number454967
Number of Individuals Covered148
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $15,527
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $15,527
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameCREATIVE PLANNING BENEFITS LLC-000
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4/54967
Policy instance 1
Insurance contract or identification number4/54967
Number of Individuals Covered69
Insurance policy start date2088-02-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $4,119
Commission paid to Insurance BrokerUSD $4,119
Insurance broker organization code?3
Insurance broker nameTBS AGENCY INC
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number7-07388
Policy instance 2
Insurance contract or identification number7-07388
Number of Individuals Covered0
Insurance policy start date2008-01-01
Insurance policy end date2008-02-05
Total amount of commissions paid to insurance brokerUSD $938
Amount paid for insurance broker fees2370
Additional information about fees paid to insurance brokerREFERRAL SERVICE FEE
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $938
Insurance broker nameTBS AGENCY INC
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number7-07388
Policy instance 1
Insurance contract or identification number7-07388
Number of Individuals Covered71
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of commissions paid to insurance brokerUSD $5,197
Total amount of fees paid to insurance companyUSD $1,521
Commission paid to Insurance BrokerUSD $5,197
Amount paid for insurance broker fees1521
Additional information about fees paid to insurance brokerREFERRAL SERVICE FEE
Insurance broker organization code?3
Insurance broker nameNORTHWESTERN MUTUAL INVESTMENT SERV
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number7-07388
Policy instance 1
Insurance contract or identification number7-07388
Number of Individuals Covered53
Insurance policy start date2006-01-01
Insurance policy end date2006-12-31
Total amount of commissions paid to insurance brokerUSD $5,075
Commission paid to Insurance BrokerUSD $5,075
Insurance broker organization code?3
Insurance broker nameNORTHWESTERN MUTUAL INVESTMENT SERV

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