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VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN 401k Plan overview

Plan NameVICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN
Plan identification number 001

VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

VICTOR VALLEY GLOBAL MEDICAL CENTER has sponsored the creation of one or more 401k plans.

Company Name:VICTOR VALLEY GLOBAL MEDICAL CENTER
Employer identification number (EIN):233777887
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012020-01-01

Financial Data on VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN

Measure Date Value
2020 : VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-05-28$0
Total transfer of assets from this plan2020-05-28$7,418,561
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-05-28$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-05-28$0
Total income from all sources (including contributions)2020-05-28$584,063
Total loss/gain on sale of assets2020-05-28$0
Total of all expenses incurred2020-05-28$628,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-05-28$618,899
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-05-28$896,448
Value of total assets at end of year2020-05-28$0
Value of total assets at beginning of year2020-05-28$7,462,553
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-05-28$9,156
Total interest from all sources2020-05-28$11,184
Total dividends received (eg from common stock, registered investment company shares)2020-05-28$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-05-28Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-05-28$0
Was this plan covered by a fidelity bond2020-05-28Yes
Value of fidelity bond cover2020-05-28$500,000
If this is an individual account plan, was there a blackout period2020-05-28No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-05-28$0
Were there any nonexempt tranactions with any party-in-interest2020-05-28No
Contributions received from participants2020-05-28$414,544
Participant contributions at end of year2020-05-28$0
Participant contributions at beginning of year2020-05-28$175,458
Income. Received or receivable in cash from other sources (including rollovers)2020-05-28$130,283
Other income not declared elsewhere2020-05-28$-87
Administrative expenses (other) incurred2020-05-28$9,156
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-05-28No
Value of net income/loss2020-05-28$-43,992
Value of net assets at end of year (total assets less liabilities)2020-05-28$0
Value of net assets at beginning of year (total assets less liabilities)2020-05-28$7,462,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-05-28No
Were any loans by the plan or fixed income obligations due to the plan in default2020-05-28No
Were any leases to which the plan was party in default or uncollectible2020-05-28No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-05-28$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-05-28$6,086,045
Interest on participant loans2020-05-28$3,858
Interest earned on other investments2020-05-28$7,326
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-05-28$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-05-28$1,201,050
Net investment gain/loss from pooled separate accounts2020-05-28$-323,482
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-05-28No
Was there a failure to transmit to the plan any participant contributions2020-05-28No
Has the plan failed to provide any benefit when due under the plan2020-05-28No
Contributions received in cash from employer2020-05-28$351,621
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-05-28$618,899
Did the plan have assets held for investment2020-05-28No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-05-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-05-28Yes
Opinion of an independent qualified public accountant for this plan2020-05-28Disclaimer
Accountancy firm name2020-05-28MARCUM LLP
Accountancy firm EIN2020-05-28111986323

Form 5500 Responses for VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS PLAN

2020: VICTOR VALLEY GLOBAL MEDICAL CENTER 401(K) SAVINGS 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 filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberZH9837
Policy instance 1

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