401k Plan data: REVCO SOLUTIONS 401(K) PLAN plan

REVCO SOLUTIONS 401(K) PLAN 401k Plan overview

Plan Name	REVCO SOLUTIONS 401(K) PLAN
Plan identification number	001

REVCO SOLUTIONS 401(K) 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

REVCO SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name: REVCO SOLUTIONS, INC.

Employer identification number (EIN): 311519935

NAIC Classification: 561440
NAIC Description: Collection Agencies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REVCO SOLUTIONS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 ANGELA STOKES 2021-11-15
001 2020-01-01 ANGELA STOKES 2021-10-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	ANGELA STOKES	2021-11-15
001	2020-01-01	ANGELA STOKES	2021-10-14

Plan Statistics for REVCO SOLUTIONS 401(K) PLAN

401k plan membership statisitcs for REVCO SOLUTIONS 401(K) PLAN

Measure Date Value
2021: REVCO SOLUTIONS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 246
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 0
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 0
Number of participants with account balances 2021-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: REVCO SOLUTIONS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 204
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 228
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 18
Total of all active and inactive participants 2020-01-01 246
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 246
Number of participants with account balances 2020-01-01 210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 5

Measure	Date	Value
2021: REVCO SOLUTIONS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	246
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	0
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	0
Number of participants with account balances	2021-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: REVCO SOLUTIONS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	204
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	228
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	18
Total of all active and inactive participants	2020-01-01	246
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	246
Number of participants with account balances	2020-01-01	210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	5

Financial Data on REVCO SOLUTIONS 401(K) PLAN

Measure	Date	Value
2021 : REVCO SOLUTIONS 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-01-19	$0
Total transfer of assets from this plan	2021-01-19	$3,056,109
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-01-19	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-01-19	$0
Total income from all sources (including contributions)	2021-01-19	$65,324
Total loss/gain on sale of assets	2021-01-19	$0
Total of all expenses incurred	2021-01-19	$5,606
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-01-19	$5,381
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-01-19	$0
Value of total assets at end of year	2021-01-19	$0
Value of total assets at beginning of year	2021-01-19	$2,996,391
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-01-19	$225
Total interest from all sources	2021-01-19	$107
Total dividends received (eg from common stock, registered investment company shares)	2021-01-19	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-01-19	No
Was this plan covered by a fidelity bond	2021-01-19	Yes
Value of fidelity bond cover	2021-01-19	$500,000
If this is an individual account plan, was there a blackout period	2021-01-19	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-01-19	$0
Were there any nonexempt tranactions with any party-in-interest	2021-01-19	No
Participant contributions at end of year	2021-01-19	$0
Participant contributions at beginning of year	2021-01-19	$49,736
Participant contributions at end of year	2021-01-19	$0
Participant contributions at beginning of year	2021-01-19	$15,328
Assets. Other investments not covered elsewhere at end of year	2021-01-19	$0
Assets. Other investments not covered elsewhere at beginning of year	2021-01-19	$402
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-01-19	No
Value of net income/loss	2021-01-19	$59,718
Value of net assets at end of year (total assets less liabilities)	2021-01-19	$0
Value of net assets at beginning of year (total assets less liabilities)	2021-01-19	$2,996,391
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-01-19	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-01-19	No
Were any leases to which the plan was party in default or uncollectible	2021-01-19	No
Value of interest in pooled separate accounts at end of year	2021-01-19	$0
Value of interest in pooled separate accounts at beginning of year	2021-01-19	$2,928,515
Interest on participant loans	2021-01-19	$107
Net investment gain/loss from pooled separate accounts	2021-01-19	$65,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-01-19	No
Was there a failure to transmit to the plan any participant contributions	2021-01-19	Yes
Has the plan failed to provide any benefit when due under the plan	2021-01-19	No
Employer contributions (assets) at end of year	2021-01-19	$0
Employer contributions (assets) at beginning of year	2021-01-19	$2,410
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-01-19	$5,381
Contract administrator fees	2021-01-19	$225
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	2021-01-19	Yes
Did the plan have assets held for investment	2021-01-19	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	2021-01-19	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-01-19	Yes
Opinion of an independent qualified public accountant for this plan	2021-01-19	Disclaimer
Accountancy firm name	2021-01-19	MPCOMPANY LLP
Accountancy firm EIN	2021-01-19	561945391
2020 : REVCO SOLUTIONS 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$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	$3,021,893
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$25,502
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$12,001
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$2,582,276
Value of total assets at end of year	2020-12-31	$2,996,391
Value of total assets at beginning of year	2020-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$13,501
Total interest from all sources	2020-12-31	$1,020
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$511,639
Participant contributions at end of year	2020-12-31	$49,736
Participant contributions at beginning of year	2020-12-31	$0
Participant contributions at end of year	2020-12-31	$15,328
Participant contributions at beginning of year	2020-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$402
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,992,982
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$2,996,391
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$2,996,391
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$399
Value of interest in pooled separate accounts at end of year	2020-12-31	$2,928,515
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$0
Interest on participant loans	2020-12-31	$1,020
Net investment gain/loss from pooled separate accounts	2020-12-31	$438,597
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$77,655
Employer contributions (assets) at end of year	2020-12-31	$2,410
Employer contributions (assets) at beginning of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$12,001
Contract administrator fees	2020-12-31	$13,102
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No

Form 5500 Responses for REVCO SOLUTIONS 401(K) PLAN

2021: REVCO SOLUTIONS 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	Yes
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: REVCO SOLUTIONS 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	First time form 5500 has been submitted	Yes
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	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

144023

Policy instance

Insurance contract or identification number	144023
Number of Individuals Covered	0
Insurance policy start date	2021-01-01
Insurance policy end date	2021-01-19
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $715
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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
Amount paid for insurance broker fees	715
Additional information about fees paid to insurance broker	TPA FEES
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

144023

Policy instance

Insurance contract or identification number	144023
Number of Individuals Covered	215
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $15,107
Total amount of fees paid to insurance company	USD $1,100
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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
Commission paid to Insurance Broker	USD $10,157
Amount paid for insurance broker fees	1100
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5

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Company Name:	REVCO SOLUTIONS, INC.
Employer identification number (EIN):	311519935
NAIC Classification:	561440
NAIC Description:	Collection Agencies