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PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 401k Plan overview

Plan NamePHARMACOSMOS THERAPEUTICS RETIREMENT PLAN
Plan identification number 001

PHARMACOSMOS THERAPEUTICS RETIREMENT 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PHARMACOSMOS THERAPEUTICS INC. has sponsored the creation of one or more 401k plans.

Company Name:PHARMACOSMOS THERAPEUTICS INC.
Employer identification number (EIN):384128963
NAIC Classification:325410

Additional information about PHARMACOSMOS THERAPEUTICS INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2019-10-18
Company Identification Number: 0803449935
Legal Registered Office Address: 120 HEADQUARTERS PLAZA EAST TOWER 6TH FL

MORRISTOWN
United States of America (USA)
07960

More information about PHARMACOSMOS THERAPEUTICS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01KRISTEN RUOCCO
0012023-01-01
0012023-01-01SHITAL SHANBHAG
0012022-01-01
0012022-01-01SHITAL SHANBHAG
0012021-01-01
0012021-01-01SHITAL SHANBHAG
0012020-06-15

Financial Data on PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN

Measure Date Value
2023 : PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$4,237,797
Expenses. Total of all expenses incurred2023-12-31$934,283
Benefits paid (including direct rollovers)2023-12-31$926,923
Total plan assets at end of year2023-12-31$9,997,768
Total plan assets at beginning of year2023-12-31$6,694,254
Value of fidelity bond covering the plan2023-12-31$500,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$2,246,003
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$112,931
Other income received2023-12-31$1,558,911
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$3,303,514
Net plan assets at end of year (total assets less liabilities)2023-12-31$9,997,768
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$6,694,254
Assets. Value of participant loans2023-12-31$155,259
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$319,952
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$7,360
2022 : PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$1,942,417
Expenses. Total of all expenses incurred2022-12-31$397,210
Benefits paid (including direct rollovers)2022-12-31$395,682
Total plan assets at end of year2022-12-31$6,694,254
Total plan assets at beginning of year2022-12-31$5,149,047
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$1,724,435
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$907,639
Other income received2022-12-31$-1,132,080
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$1,545,207
Net plan assets at end of year (total assets less liabilities)2022-12-31$6,694,254
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,149,047
Assets. Value of participant loans2022-12-31$113,614
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$442,423
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,528
2021 : PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$3,761,085
Expenses. Total of all expenses incurred2021-12-31$595,178
Benefits paid (including direct rollovers)2021-12-31$593,973
Total plan assets at end of year2021-12-31$5,149,047
Total plan assets at beginning of year2021-12-31$1,983,140
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$1,600,006
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$1,228,094
Other income received2021-12-31$500,707
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$3,165,907
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,149,047
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,983,140
Assets. Value of participant loans2021-12-31$135,376
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$135,234
Total contributions received or receivable from employer(s)2021-12-31$432,278
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,205
2020 : PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$2,021,680
Expenses. Total of all expenses incurred2020-12-31$38,540
Benefits paid (including direct rollovers)2020-12-31$38,490
Total plan assets at end of year2020-12-31$1,983,140
Total plan assets at beginning of year2020-12-31$0
Total contributions received or receivable from participants2020-12-31$517,745
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$1,114,556
Other income received2020-12-31$251,589
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$1,983,140
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,983,140
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Assets. Value of participant loans2020-12-31$50,000
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-12-31$135,234
Total contributions received or receivable from employer(s)2020-12-31$137,790
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$50

Form 5500 Responses for PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN

2023: PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PHARMACOSMOS THERAPEUTICS RETIREMENT 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PHARMACOSMOS THERAPEUTICS RETIREMENT PLAN 2020 form 5500 responses
2020-06-15Type of plan entitySingle employer plan
2020-06-15First time form 5500 has been submittedYes
2020-06-15Submission has been amendedNo
2020-06-15This submission is the final filingNo
2020-06-15This return/report is a short plan year return/report (less than 12 months)Yes
2020-06-15Plan is a collectively bargained planNo
2020-06-15Plan funding arrangement – TrustYes
2020-06-15Plan benefit arrangement - TrustYes

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