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| Plan Name | HEALTH COALITION, INC. CASH BALANCE PLAN |
| Plan identification number | 003 |
| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits |
|
| Company Name: | HEALTH COALITION, INC. |
| Employer identification number (EIN): | 650068208 |
| NAIC Classification: | 424210 |
| NAIC Description: | Drugs and Druggists' Sundries Merchant Wholesalers |
Additional information about HEALTH COALITION, INC.
| Jurisdiction of Incorporation: | Florida Department of State Division of Corporations |
| Incorporation Date: | 1988-08-04 |
| Company Identification Number: | K30186 |
| Legal Registered Office Address: |
8320 NW 30TH TERRACE DORAL 33122 |
More information about HEALTH COALITION, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 003 | 2023-01-01 | PATRICIA VARNEY | 2024-02-26 | ||
| 003 | 2022-01-01 | PATRICIA VARNEY | 2023-08-18 | ||
| 003 | 2021-01-01 | PATRICIA VARNEY | 2022-10-05 | ||
| 003 | 2020-01-01 | PATRICIA VARNEY | 2021-08-18 | ||
| 003 | 2019-01-01 | PATRICIA VARNEY | 2020-07-07 |
| Measure | Date | Value |
|---|---|---|
| 2025: HEALTH COALITION, INC. CASH BALANCE PLAN 2025 401k membership | ||
| Total number of particpants at beginning of year | 2025-01-24 | 19 |
| Total number of particpants at end of year | 2025-01-24 | 0 |
| 2024: HEALTH COALITION, INC. CASH BALANCE PLAN 2024 401k membership | ||
| Total number of particpants at beginning of year | 2024-02-26 | 14 |
| Total number of particpants at end of year | 2024-02-26 | 18 |
| 2022: HEALTH COALITION, INC. CASH BALANCE PLAN 2022 401k membership | ||
| Market value of plan assets | 2022-12-31 | 1,918,949 |
| Acturial value of plan assets | 2022-12-31 | 1,918,949 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 0 |
| Number of terminated vested participants | 2022-12-31 | 0 |
| Fundng target for terminated vested participants | 2022-12-31 | 0 |
| Active participant vested funding target | 2022-12-31 | 1,758,797 |
| Number of active participants | 2022-12-31 | 14 |
| Total funding liabilities for active participants | 2022-12-31 | 1,758,797 |
| Total participant count | 2022-12-31 | 14 |
| Total funding target for all participants | 2022-12-31 | 1,758,797 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 0 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 498,864 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 484,102 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 500,231 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 340,079 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 340,079 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 484,102 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total number of particpants at beginning of year | 2022-10-05 | 15 |
| Total number of particpants at end of year | 2022-10-05 | 17 |
| 2021: HEALTH COALITION, INC. CASH BALANCE PLAN 2021 401k membership | ||
| Market value of plan assets | 2021-12-31 | 2,239,055 |
| Acturial value of plan assets | 2021-12-31 | 2,239,055 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
| Number of terminated vested participants | 2021-12-31 | 0 |
| Fundng target for terminated vested participants | 2021-12-31 | 0 |
| Active participant vested funding target | 2021-12-31 | 1,201,098 |
| Number of active participants | 2021-12-31 | 17 |
| Total funding liabilities for active participants | 2021-12-31 | 1,201,098 |
| Total participant count | 2021-12-31 | 17 |
| Total funding target for all participants | 2021-12-31 | 1,201,098 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 0 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 904,825 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 904,825 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
| Total employer contributions | 2021-12-31 | 0 |
| Total employee contributions | 2021-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 397,556 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| 2020: HEALTH COALITION, INC. CASH BALANCE PLAN 2020 401k membership | ||
| Market value of plan assets | 2020-12-31 | 1,944,225 |
| Acturial value of plan assets | 2020-12-31 | 1,944,225 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 0 |
| Number of terminated vested participants | 2020-12-31 | 1 |
| Fundng target for terminated vested participants | 2020-12-31 | 668,479 |
| Active participant vested funding target | 2020-12-31 | 776,835 |
| Number of active participants | 2020-12-31 | 14 |
| Total funding liabilities for active participants | 2020-12-31 | 776,835 |
| Total participant count | 2020-12-31 | 15 |
| Total funding target for all participants | 2020-12-31 | 1,445,314 |
| Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
| Amount remaining of carryover balance | 2020-12-31 | 0 |
| Amount remaining of prefunding balance | 2020-12-31 | 0 |
| Present value of excess contributions | 2020-12-31 | 416,555 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 416,555 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-12-31 | 0 |
| Total employer contributions | 2020-12-31 | 1,181,958 |
| Total employee contributions | 2020-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 1,144,302 |
| Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-12-31 | 738,388 |
| Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
| Waiver amortization installment | 2020-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 239,477 |
| Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
| Additional cash requirement | 2020-12-31 | 239,477 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 1,144,302 |
| Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
| 2019: HEALTH COALITION, INC. CASH BALANCE PLAN 2019 401k membership | ||
| Market value of plan assets | 2019-12-31 | 964,498 |
| Acturial value of plan assets | 2019-12-31 | 964,498 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 0 |
| Number of terminated vested participants | 2019-12-31 | 0 |
| Fundng target for terminated vested participants | 2019-12-31 | 0 |
| Active participant vested funding target | 2019-12-31 | 0 |
| Number of active participants | 2019-12-31 | 14 |
| Total funding liabilities for active participants | 2019-12-31 | 682,795 |
| Total participant count | 2019-12-31 | 14 |
| Total funding target for all participants | 2019-12-31 | 682,795 |
| Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
| Amount remaining of carryover balance | 2019-12-31 | 0 |
| Amount remaining of prefunding balance | 2019-12-31 | 0 |
| Present value of excess contributions | 2019-12-31 | 829,392 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 829,392 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2019-12-31 | 0 |
| Total employer contributions | 2019-12-31 | 853,826 |
| Total employee contributions | 2019-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 850,256 |
| Liquidity shortfalls end of Q1 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2019-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2019-12-31 | 715,404 |
| Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
| Waiver amortization installment | 2019-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 433,701 |
| Additional cash requirement | 2019-12-31 | 433,701 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 850,256 |
| Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
| Measure | Date | Value |
|---|---|---|
| 2025 : HEALTH COALITION, INC. CASH BALANCE PLAN 2025 401k financial data | ||
| Total transfers to/from plan in this plan year | 2025-01-24 | 0 |
| Total liabilities as of the end of the plan year | 2025-01-24 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-01-24 | 0 |
| Total expenses incurred by plan in this plan year | 2025-01-24 | 3107815 |
| Net assets as of the end of the plan year | 2025-01-24 | 0 |
| Total assets as of the beginning of the plan year | 2025-01-24 | 2984653 |
| Value of plan covered by a fidelity bond | 2025-01-24 | 500000 |
| Participant contributions to plan in this plan year | 2025-01-24 | 0 |
| Other expenses paid from plan in this plan year | 2025-01-24 | 0 |
| Other contributions to plan in this plan year | 2025-01-24 | 0 |
| Other income to plan in this plan year | 2025-01-24 | 123162 |
| Plan net income in this plan year | 2025-01-24 | -2984653 |
| Net assets as of the end of the plan year | 2025-01-24 | 0 |
| Net assets as of the beginning of the plan year | 2025-01-24 | 2984653 |
| Employer contributions to plan in this plan year | 2025-01-24 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-01-24 | 0 |
| 2024 : HEALTH COALITION, INC. CASH BALANCE PLAN 2024 401k financial data | ||
| Total transfers to/from plan in this plan year | 2024-02-26 | 0 |
| Total liabilities as of the end of the plan year | 2024-02-26 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-02-26 | 0 |
| Total expenses incurred by plan in this plan year | 2024-02-26 | 0 |
| Net assets as of the end of the plan year | 2024-02-26 | 2984653 |
| Total assets as of the beginning of the plan year | 2024-02-26 | 2417813 |
| Value of plan covered by a fidelity bond | 2024-02-26 | 500000 |
| Participant contributions to plan in this plan year | 2024-02-26 | 0 |
| Other expenses paid from plan in this plan year | 2024-02-26 | 0 |
| Other contributions to plan in this plan year | 2024-02-26 | 0 |
| Other income to plan in this plan year | 2024-02-26 | 286840 |
| Plan net income in this plan year | 2024-02-26 | 566840 |
| Net assets as of the end of the plan year | 2024-02-26 | 2984653 |
| Net assets as of the beginning of the plan year | 2024-02-26 | 2417813 |
| Employer contributions to plan in this plan year | 2024-02-26 | 280000 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-02-26 | 0 |
| 2022 : HEALTH COALITION, INC. CASH BALANCE PLAN 2022 401k financial data | ||
| Total transfers to/from plan in this plan year | 2022-10-05 | 0 |
| Total liabilities as of the end of the plan year | 2022-10-05 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-10-05 | 0 |
| Total expenses incurred by plan in this plan year | 2022-10-05 | 1044793 |
| Net assets as of the end of the plan year | 2022-10-05 | 2239055 |
| Total assets as of the beginning of the plan year | 2022-10-05 | 3126183 |
| Participant contributions to plan in this plan year | 2022-10-05 | 0 |
| Other expenses paid from plan in this plan year | 2022-10-05 | 0 |
| Other contributions to plan in this plan year | 2022-10-05 | 0 |
| Other income to plan in this plan year | 2022-10-05 | 157665 |
| Plan net income in this plan year | 2022-10-05 | -887128 |
| Net assets as of the end of the plan year | 2022-10-05 | 2239055 |
| Net assets as of the beginning of the plan year | 2022-10-05 | 3126183 |
| Employer contributions to plan in this plan year | 2022-10-05 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-05 | 0 |