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TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameTOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN
Plan identification number 002

TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

TOWN & COUNTRY DRUG, INC. has sponsored the creation of one or more 401k plans.

Company Name:TOWN & COUNTRY DRUG, INC.
Employer identification number (EIN):751324908
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Additional information about TOWN & COUNTRY DRUG, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1961-10-25
Company Identification Number: 0017861500
Legal Registered Office Address: 2745 N GRANDVIEW AVE

ODESSA
United States of America (USA)
79762

More information about TOWN & COUNTRY DRUG, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01MEGAN PRADO2022-10-10 MEGAN PRADO2022-10-10
0022020-01-01MEGAN PRADO2021-10-08 MEGAN PRADO2021-10-08
0022019-01-01GARY F WARREN2020-10-07 GARY WARREN2020-10-07
0022018-01-01GARY WARREN2019-09-30 GARY WARREN2019-09-30
0022017-01-01GARY WARREN2018-09-20 GARY WARREN2018-09-20
0022016-01-01GARY WARREN2017-09-06 GARY WARREN2017-09-06
0022015-01-01GARY WARREN2016-10-11 GARY WARREN2016-10-11
0022014-01-01GARY WARREN2015-10-02 GARY WARREN2015-10-02
0022013-01-01GARY WARREN2014-09-23 GARY WARREN2014-09-23

Plan Statistics for TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN

401k plan membership statisitcs for TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN

Measure Date Value
2020: TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-312,287,437
Acturial value of plan assets2020-12-312,287,437
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3118,439
Active participant vested funding target2020-12-312,238,088
Number of active participants2020-12-3117
Total funding liabilities for active participants2020-12-312,238,088
Total participant count2020-12-3122
Total funding target for all participants2020-12-312,256,527
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3194
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3194
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31902
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-312,281,817
Acturial value of plan assets2019-12-312,281,817
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-317
Fundng target for terminated vested participants2019-12-3128,551
Active participant vested funding target2019-12-312,082,172
Number of active participants2019-12-3115
Total funding liabilities for active participants2019-12-312,082,172
Total participant count2019-12-3122
Total funding target for all participants2019-12-312,110,723
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-317,138
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-317,138
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-315,775
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-315,446
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31176,446
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-315,352
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-315,352
Contributions allocatedtoward minimum required contributions for current year2019-12-315,446
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,653,313
Acturial value of plan assets2018-12-311,653,313
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-3115,447
Active participant vested funding target2018-12-311,722,374
Number of active participants2018-12-3117
Total funding liabilities for active participants2018-12-311,722,374
Total participant count2018-12-3121
Total funding target for all participants2018-12-311,737,821
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3181,806
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3181,806
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31312,609
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31305,413
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31284,479
Net shortfall amortization installment of oustanding balance2018-12-3184,508
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31298,275
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31298,275
Contributions allocatedtoward minimum required contributions for current year2018-12-31305,413
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,460,054
Acturial value of plan assets2017-12-311,460,054
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3111,642
Active participant vested funding target2017-12-311,341,493
Number of active participants2017-12-3117
Total funding liabilities for active participants2017-12-311,341,493
Total participant count2017-12-3120
Total funding target for all participants2017-12-311,353,135
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3133,456
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3133,456
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31258,569
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31253,736
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31278,849
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31171,930
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31171,930
Contributions allocatedtoward minimum required contributions for current year2017-12-31253,736
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: TOWN & COUNTRY DRUG, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,132,785
Acturial value of plan assets2016-12-311,132,785
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-319,083
Active participant vested funding target2016-12-311,020,002
Number of active participants2016-12-3117
Total funding liabilities for active participants2016-12-311,020,002
Total participant count2016-12-3120
Total funding target for all participants2016-12-311,029,085
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3171,639
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3171,639
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31193,678
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31190,161
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31260,405
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31156,705
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31156,705
Contributions allocatedtoward minimum required contributions for current year2016-12-31190,161
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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