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403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC. 401k Plan overview

Plan Name403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.
Plan identification number 001

403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • 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

HEALTH CHOICE NETWORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:HEALTH CHOICE NETWORK, INC.
Employer identification number (EIN):900525658
NAIC Classification:621610
NAIC Description:Home Health Care Services

Additional information about HEALTH CHOICE NETWORK, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2009-09-24
Company Identification Number: N09000009328
Legal Registered Office Address: 9064 N.W. 13TH TERRACE

DORAL

33172

More information about HEALTH CHOICE NETWORK, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-10-01IVO CALDERA2023-07-14
0012020-10-01RICK FRIEDFELD2022-07-14
0012019-10-01
0012018-10-01
0012017-10-01
0012016-10-01
0012015-10-01
0012014-10-01
0012013-10-01
0012012-10-01KEVIN KEARNS2014-07-10
0012011-10-01RICK FRIEDFELD2013-07-10

Plan Statistics for 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.

401k plan membership statisitcs for 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.

Measure Date Value
2021: 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC. 2021 401k membership
Total participants, beginning-of-year2021-10-01125
Total number of active participants reported on line 7a of the Form 55002021-10-01156
Number of other retired or separated participants entitled to future benefits2021-10-019
Total of all active and inactive participants2021-10-01165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-10-011
Total participants2021-10-01166
Number of participants with account balances2021-10-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-10-011

Financial Data on 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.

Measure Date Value
2022 : 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC. 2022 401k financial data
Total income from all sources (including contributions)2022-09-30$301,602
Total of all expenses incurred2022-09-30$281,685
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-09-30$266,369
Expenses. Certain deemed distributions of participant loans2022-09-30$14,638
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-09-30$1,307,462
Value of total assets at end of year2022-09-30$4,713,808
Value of total assets at beginning of year2022-09-30$4,693,891
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-09-30$678
Total interest from all sources2022-09-30$3,369
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-09-30No
Was this plan covered by a fidelity bond2022-09-30No
If this is an individual account plan, was there a blackout period2022-09-30No
Were there any nonexempt tranactions with any party-in-interest2022-09-30No
Contributions received from participants2022-09-30$468,550
Participant contributions at end of year2022-09-30$-48,639
Participant contributions at beginning of year2022-09-30$80,570
Income. Received or receivable in cash from other sources (including rollovers)2022-09-30$524,687
Administrative expenses (other) incurred2022-09-30$678
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Value of net income/loss2022-09-30$19,917
Value of net assets at end of year (total assets less liabilities)2022-09-30$4,713,808
Value of net assets at beginning of year (total assets less liabilities)2022-09-30$4,693,891
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-09-30No
Were any leases to which the plan was party in default or uncollectible2022-09-30No
Value of interest in pooled separate accounts at end of year2022-09-30$3,767,186
Value of interest in pooled separate accounts at beginning of year2022-09-30$3,969,957
Interest earned on other investments2022-09-30$3,369
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-09-30$995,261
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-09-30$643,364
Net investment gain/loss from pooled separate accounts2022-09-30$-1,009,229
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-09-30No
Was there a failure to transmit to the plan any participant contributions2022-09-30No
Has the plan failed to provide any benefit when due under the plan2022-09-30No
Contributions received in cash from employer2022-09-30$314,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-09-30$266,369
Did the plan have assets held for investment2022-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-09-30No
Opinion of an independent qualified public accountant for this plan2022-09-30Unqualified
Accountancy firm name2022-09-30WITHUMSMITH+BROWN, PC
Accountancy firm EIN2022-09-30222027092

Form 5500 Responses for 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC.

2021: 403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK, INC. 2021 form 5500 responses
2021-10-01Type of plan entitySingle employer plan
2021-10-01Plan funding arrangement – InsuranceYes
2021-10-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number058554C
Policy instance 1
Insurance contract or identification number058554C
Number of Individuals Covered166
Insurance policy start date2021-10-01
Insurance policy end date2022-09-30
Total amount of fees paid to insurance companyUSD $662
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees662
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3

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