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SULLIVAN'S PHARMACY 401(K) PLAN 401k Plan overview

Plan NameSULLIVAN'S PHARMACY 401(K) PLAN
Plan identification number 002

SULLIVAN'S PHARMACY 401(K) PLAN 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.
  • 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

SULLIVANS PHARMACY has sponsored the creation of one or more 401k plans.

Company Name:SULLIVANS PHARMACY
Employer identification number (EIN):042581398
NAIC Classification:446110
NAIC Description:Pharmacies and Drug Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SULLIVAN'S PHARMACY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022020-01-01
0022019-01-01GREGORY LAHAM2020-10-14
0022018-01-01GREGORY LAHAM2019-10-15
0022018-01-01GREGORY LAHAM2022-10-07
0022017-01-01GREGORY LAHAM2018-10-04
0022016-01-01GREGORY LAHAM2017-10-10
0022015-01-01GREGORY LAHAM2016-10-06
0022014-01-01GREGORY LAHAM2015-10-14
0022013-01-01GREGORY LAHAM2014-09-19
0022012-01-01GREGORY LAHAM2013-10-07
0022011-01-01GREGORY LAHAM2012-10-13
0022010-01-01GREGORY LAHAM2012-10-13

Plan Statistics for SULLIVAN'S PHARMACY 401(K) PLAN

401k plan membership statisitcs for SULLIVAN'S PHARMACY 401(K) PLAN

Measure Date Value
2022: SULLIVAN'S PHARMACY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01109
Total number of active participants reported on line 7a of the Form 55002022-01-0187
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0125
Total of all active and inactive participants2022-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01112
Number of participants with account balances2022-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SULLIVAN'S PHARMACY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01114
Total number of active participants reported on line 7a of the Form 55002021-01-0182
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01106
Number of participants with account balances2021-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: SULLIVAN'S PHARMACY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01140
Total number of active participants reported on line 7a of the Form 55002020-01-0191
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0123
Total of all active and inactive participants2020-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01114
Number of participants with account balances2020-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018

Financial Data on SULLIVAN'S PHARMACY 401(K) PLAN

Measure Date Value
2022 : SULLIVAN'S PHARMACY 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,671,931
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,042,193
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,005,058
Expenses. Certain deemed distributions of participant loans2022-12-31$7,341
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$523,999
Value of total assets at end of year2022-12-31$10,339,617
Value of total assets at beginning of year2022-12-31$14,053,741
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$29,794
Total interest from all sources2022-12-31$16,767
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$567,100
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$567,100
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$351,155
Participant contributions at end of year2022-12-31$172,766
Participant contributions at beginning of year2022-12-31$209,512
Administrative expenses (other) incurred2022-12-31$29,794
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,714,124
Value of net assets at end of year (total assets less liabilities)2022-12-31$10,339,617
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$14,053,741
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$9,718,960
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$13,465,081
Interest on participant loans2022-12-31$11,153
Interest earned on other investments2022-12-31$5,614
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$447,891
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$379,148
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,779,797
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$172,844
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,005,058
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31G.T. REILLY & COMPANY
Accountancy firm EIN2022-12-31042513210
2021 : SULLIVAN'S PHARMACY 401(K) PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$3,701
Total unrealized appreciation/depreciation of assets2021-12-31$3,701
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,870,884
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,050,547
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,005,383
Expenses. Certain deemed distributions of participant loans2021-12-31$8,966
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$564,711
Value of total assets at end of year2021-12-31$14,053,741
Value of total assets at beginning of year2021-12-31$14,233,404
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$36,198
Total interest from all sources2021-12-31$14,394
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$760,804
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$760,804
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$378,882
Participant contributions at end of year2021-12-31$209,512
Participant contributions at beginning of year2021-12-31$303,760
Administrative expenses (other) incurred2021-12-31$36,198
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-179,663
Value of net assets at end of year (total assets less liabilities)2021-12-31$14,053,741
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$14,233,404
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$13,465,081
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$13,571,126
Interest on participant loans2021-12-31$14,394
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$379,148
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$358,518
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,527,274
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$185,829
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,005,383
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31G.T. REILLY & COMPANY
Accountancy firm EIN2021-12-31042513210
2020 : SULLIVAN'S PHARMACY 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$2,645
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,755,374
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$814,035
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$780,304
Expenses. Certain deemed distributions of participant loans2020-12-31$5,173
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$600,136
Value of total assets at end of year2020-12-31$14,109,505
Value of total assets at beginning of year2020-12-31$12,168,166
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$28,558
Total interest from all sources2020-12-31$22,486
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$430,626
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$430,626
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$402,101
Participant contributions at end of year2020-12-31$303,760
Participant contributions at beginning of year2020-12-31$293,961
Administrative expenses (other) incurred2020-12-31$28,558
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,941,339
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,109,505
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$12,168,166
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$13,571,126
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,737,681
Interest on participant loans2020-12-31$20,602
Interest earned on other investments2020-12-31$1,884
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$234,619
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$136,524
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,702,126
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$198,035
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$780,304
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31G.T. REILLY & COMPANY
Accountancy firm EIN2020-12-31042513210

Form 5500 Responses for SULLIVAN'S PHARMACY 401(K) PLAN

2022: SULLIVAN'S PHARMACY 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SULLIVAN'S PHARMACY 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SULLIVAN'S PHARMACY 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370492-01
Policy instance 1
Insurance contract or identification number370492-01
Number of Individuals Covered73
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370492-01
Policy instance 1
Insurance contract or identification number370492-01
Number of Individuals Covered12
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number370492-01
Policy instance 1
Insurance contract or identification number370492-01
Number of Individuals Covered84
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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