401k Plan data: SANCILIO AND COMPANY INC. 401K PLAN plan

SANCILIO AND COMPANY INC. 401K PLAN 401k Plan overview

Plan Name	SANCILIO AND COMPANY INC. 401K PLAN
Plan identification number	001

SANCILIO AND COMPANY INC. 401K PLAN Benefits

401k Plan Type

Defined 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

SANCILIO AND COMPANY INC. has sponsored the creation of one or more 401k plans.

Company Name: SANCILIO AND COMPANY INC.

Employer identification number (EIN): 201747166

NAIC Classification: 325410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SANCILIO AND COMPANY INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-01-01 KARRILYN THOMAS 2019-10-14
001 2017-01-01
001 2016-01-01
001 2015-01-01 CHRISTINE CARSON 2016-10-17 MARC WOLFF 2016-10-17
001 2015-01-01 CHRISTINE CARSON 2016-10-17 MARC WOLFF 2016-10-17
001 2014-01-01 CHRISTINE CARSON 2015-10-19 MARC WOLFF 2015-10-19
001 2013-01-01 CARLA COX 2014-10-15 CARA MORRIS 2014-10-15
001 2012-01-01 CARLA COX 2013-08-14 CARLA COX 2013-08-14
001 2011-01-01 DAREN GRAHAM 2012-10-08 DAREN GRAHAM 2012-10-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2018-01-01	KARRILYN THOMAS	2019-10-14
001	2017-01-01
001	2016-01-01
001	2015-01-01	CHRISTINE CARSON	2016-10-17	MARC WOLFF	2016-10-17
001	2015-01-01	CHRISTINE CARSON	2016-10-17	MARC WOLFF	2016-10-17
001	2014-01-01	CHRISTINE CARSON	2015-10-19	MARC WOLFF	2015-10-19
001	2013-01-01	CARLA COX	2014-10-15	CARA MORRIS	2014-10-15
001	2012-01-01	CARLA COX	2013-08-14	CARLA COX	2013-08-14
001	2011-01-01	DAREN GRAHAM	2012-10-08	DAREN GRAHAM	2012-10-08

Plan Statistics for SANCILIO AND COMPANY INC. 401K PLAN

401k plan membership statisitcs for SANCILIO AND COMPANY INC. 401K PLAN

Measure Date Value
2018: SANCILIO AND COMPANY INC. 401K PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 146
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 0
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 0
Number of participants with account balances 2018-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SANCILIO AND COMPANY INC. 401K PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 170
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 113
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 24
Total of all active and inactive participants 2017-01-01 137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 137
Number of participants with account balances 2017-01-01 62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SANCILIO AND COMPANY INC. 401K PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 142
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 141
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 13
Total of all active and inactive participants 2016-01-01 154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 154
Number of participants with account balances 2016-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0

Measure	Date	Value
2018: SANCILIO AND COMPANY INC. 401K PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	146
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	0
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	0
Number of participants with account balances	2018-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SANCILIO AND COMPANY INC. 401K PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	170
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	113
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	24
Total of all active and inactive participants	2017-01-01	137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	137
Number of participants with account balances	2017-01-01	62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SANCILIO AND COMPANY INC. 401K PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	142
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	141
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	13
Total of all active and inactive participants	2016-01-01	154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	154
Number of participants with account balances	2016-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0

Financial Data on SANCILIO AND COMPANY INC. 401K PLAN

Measure	Date	Value
2018 : SANCILIO AND COMPANY INC. 401K PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$63,493
Total income from all sources (including contributions)	2018-12-31	$115,488
Total of all expenses incurred	2018-12-31	$777,502
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$746,548
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$138,857
Value of total assets at end of year	2018-12-31	$0
Value of total assets at beginning of year	2018-12-31	$725,507
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$30,954
Total interest from all sources	2018-12-31	$1,560
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2018-12-31	$0
Administrative expenses professional fees incurred	2018-12-31	$23,085
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$100,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$138,857
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$25,333
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$5,033
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-662,014
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$662,014
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$695,141
Interest on participant loans	2018-12-31	$1,560
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-24,929
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$746,548
Contract administrator fees	2018-12-31	$7,869
Liabilities. Value of benefit claims payable at end of year	2018-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$63,493
Did the plan have assets held for investment	2018-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	MORRISON BROWN ARGIZ & FARRA LLC
Accountancy firm EIN	2018-12-31	010720052
2017 : SANCILIO AND COMPANY INC. 401K PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$63,493
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$37,471
Total income from all sources (including contributions)	2017-12-31	$454,053
Total of all expenses incurred	2017-12-31	$137,645
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$64,107
Value of total corrective distributions	2017-12-31	$63,493
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$375,521
Value of total assets at end of year	2017-12-31	$725,507
Value of total assets at beginning of year	2017-12-31	$383,077
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$10,045
Total interest from all sources	2017-12-31	$834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Administrative expenses professional fees incurred	2017-12-31	$1,283
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$100,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$300,927
Participant contributions at end of year	2017-12-31	$25,333
Participant contributions at beginning of year	2017-12-31	$406
Participant contributions at end of year	2017-12-31	$5,033
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$74,594
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$6,512
Administrative expenses (other) incurred	2017-12-31	$8,762
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$316,408
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$662,014
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$345,606
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$695,141
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$382,671
Interest on participant loans	2017-12-31	$834
Net investment gain/loss from pooled separate accounts	2017-12-31	$77,698
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$64,107
Liabilities. Value of benefit claims payable at end of year	2017-12-31	$63,493
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$30,959
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	MORRISON BROWN ARGIZ & FARRA LLC
Accountancy firm EIN	2017-12-31	010720052
2016 : SANCILIO AND COMPANY INC. 401K PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$37,471
Total income from all sources (including contributions)	2016-12-31	$282,539
Total of all expenses incurred	2016-12-31	$79,427
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$44,888
Value of total corrective distributions	2016-12-31	$30,959
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$269,186
Value of total assets at end of year	2016-12-31	$383,077
Value of total assets at beginning of year	2016-12-31	$142,494
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$3,580
Total interest from all sources	2016-12-31	$30
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Administrative expenses professional fees incurred	2016-12-31	$115
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$325,410
If this is an individual account plan, was there a blackout period	2016-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$235,471
Participant contributions at end of year	2016-12-31	$406
Participant contributions at beginning of year	2016-12-31	$920
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$33,715
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-12-31	$6,512
Administrative expenses (other) incurred	2016-12-31	$3,465
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$203,112
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$345,606
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$142,494
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$382,671
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$141,352
Interest on participant loans	2016-12-31	$30
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$222
Net investment gain/loss from pooled separate accounts	2016-12-31	$13,323
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$44,888
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2016-12-31	Yes
Liabilities. Value of benefit claims payable at end of year	2016-12-31	$30,959
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	MORRISON BROWN ARGIZ & FARRA LLC
Accountancy firm EIN	2016-12-31	010720052

Form 5500 Responses for SANCILIO AND COMPANY INC. 401K PLAN

2018: SANCILIO AND COMPANY INC. 401K PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	This submission is the final filing	Yes
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SANCILIO AND COMPANY INC. 401K PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SANCILIO AND COMPANY INC. 401K PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123957

Policy instance

Insurance contract or identification number	123957
Number of Individuals Covered	0
Insurance policy start date	2018-06-13
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $1,670
Total amount of fees paid to insurance company	USD $3,085
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $289
Amount paid for insurance broker fees	3085
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

123957

Policy instance

Insurance contract or identification number	123957
Number of Individuals Covered	62
Insurance policy start date	2017-06-13
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $4,517
Total amount of fees paid to insurance company	USD $1,283
Commission paid to Insurance Broker	USD $2,110
Amount paid for insurance broker fees	1283
Insurance broker organization code?	5
Insurance broker name	UBS FINANCIAL SERVICES INS AGENCY

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Company Name:	SANCILIO AND COMPANY INC.
Employer identification number (EIN):	201747166
NAIC Classification:	325410