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L & M PHARMACY 401k Plan overview

Plan NameL & M PHARMACY
Plan identification number 001

L & M PHARMACY 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

SOUTHERN RX LLC has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN RX LLC
Employer identification number (EIN):820903567
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L & M PHARMACY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RAHUL PATEL2024-09-06
0012022-01-01RAHUL PATEL2023-11-01
0012021-01-01RAHUL PATEL2022-07-27

Plan Statistics for L & M PHARMACY

401k plan membership statisitcs for L & M PHARMACY

Measure Date Value
2025: L & M PHARMACY 2025 401k membership
Total number of particpants at beginning of year2025-10-0315
Total number of particpants at end of year2025-10-0318
Number of Participants With Account Balances2025-10-0314
2024: L & M PHARMACY 2024 401k membership
Total number of particpants at beginning of year2024-09-0616
Total number of particpants at end of year2024-09-0615
Number of Participants With Account Balances2024-09-0611
2022: L & M PHARMACY 2022 401k membership
Total number of particpants at beginning of year2022-07-279
Total number of particpants at end of year2022-07-2712
Number of Participants With Account Balances2022-07-2710

Financial Data on L & M PHARMACY

Measure Date Value
2025 : L & M PHARMACY 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0310776
Net assets as of the end of the plan year2025-10-0336930
Total assets as of the beginning of the plan year2025-10-0337400
Value of plan covered by a fidelity bond2025-10-034000
Participant contributions to plan in this plan year2025-10-036520
Other income to plan in this plan year2025-10-033786
Plan net income in this plan year2025-10-03-470
Net assets as of the end of the plan year2025-10-0336930
Net assets as of the beginning of the plan year2025-10-0337400
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-03259
2024 : L & M PHARMACY 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-063260
Net assets as of the end of the plan year2024-09-0637400
Total assets as of the beginning of the plan year2024-09-0626168
Value of plan covered by a fidelity bond2024-09-063000
Participant contributions to plan in this plan year2024-09-069051
Other income to plan in this plan year2024-09-065441
Plan net income in this plan year2024-09-0611232
Net assets as of the end of the plan year2024-09-0637400
Net assets as of the beginning of the plan year2024-09-0626168
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-06192
2022 : L & M PHARMACY 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-2770
Net assets as of the end of the plan year2022-07-2720281
Total assets as of the beginning of the plan year2022-07-2711093
Value of plan covered by a fidelity bond2022-07-272000
Participant contributions to plan in this plan year2022-07-277179
Other income to plan in this plan year2022-07-272079
Plan net income in this plan year2022-07-279188
Net assets as of the end of the plan year2022-07-2720281
Net assets as of the beginning of the plan year2022-07-2711093
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2770

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