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LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN 401k Plan overview

Plan NameLUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN
Plan identification number 001

LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) 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

LUTHER WOODS SNF, LLC has sponsored the creation of one or more 401k plans.

Company Name:LUTHER WOODS SNF, LLC
Employer identification number (EIN):810878437
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012018-01-01
0012017-01-01LYNN MCLAUGHLIN2018-05-24 LYNN MCLAUGHLIN2018-05-24
0012016-01-01LYNN MCLAUGHLIN LYNN MCLAUGHLIN2017-07-26

Plan Statistics for LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN

401k plan membership statisitcs for LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN

Measure Date Value
2022: LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-06119
Total number of particpants at end of year2022-07-06155
Number of Participants With Account Balances2022-07-0648
2016: LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01128
Total number of active participants reported on line 7a of the Form 55002016-01-0172
Number of retired or separated participants receiving benefits2016-01-0126
Total of all active and inactive participants2016-01-0198
Total participants2016-01-0198
Number of participants with account balances2016-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-018

Financial Data on LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN

Measure Date Value
2022 : LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-06774327
Net assets as of the end of the plan year2022-07-061937962
Total assets as of the beginning of the plan year2022-07-062309554
Value of plan covered by a fidelity bond2022-07-06350000
Participant contributions to plan in this plan year2022-07-0685573
Value of participant loans at end of plan year2022-07-0653772
Other income to plan in this plan year2022-07-06283130
Plan net income in this plan year2022-07-06-371592
Net assets as of the end of the plan year2022-07-061937962
Net assets as of the beginning of the plan year2022-07-062309554
Employer contributions to plan in this plan year2022-07-0634032
Fees paid to broker by Benefit Provider2022-07-068121
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-0615344
2016 : LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$342,704
Total of all expenses incurred2016-12-31$309,437
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$308,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$196,862
Value of total assets at end of year2016-12-31$3,066,934
Value of total assets at beginning of year2016-12-31$3,033,667
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,324
Total interest from all sources2016-12-31$29,490
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$100,000
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$148,112
Participant contributions at end of year2016-12-31$76,343
Participant contributions at beginning of year2016-12-31$95,248
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$33,267
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,066,934
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,033,667
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 pooled separate accounts at end of year2016-12-31$2,107,933
Value of interest in pooled separate accounts at beginning of year2016-12-31$2,106,120
Interest on participant loans2016-12-31$3,929
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$25,561
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$882,658
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$832,299
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
Contributions received in cash from employer2016-12-31$48,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$308,113
Contract administrator fees2016-12-31$1,324
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 name2016-12-31KREISCHER MILLER
Accountancy firm EIN2016-12-31231980475

Form 5500 Responses for LUTHER WOODS SNF, LLC EMPLOYEES' 401(K) PLAN

2016: LUTHER WOODS SNF, LLC EMPLOYEES' 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 – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

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