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PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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

PINNACLE HOME CARE has sponsored the creation of one or more 401k plans.

Company Name:PINNACLE HOME CARE
Employer identification number (EIN):450502569
NAIC Classification:621610
NAIC Description:Home Health Care Services

Additional information about PINNACLE HOME CARE

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2003-02-14
Company Identification Number: P03000018114
Legal Registered Office Address: 4023 Tampa Rd, Suite 2200

Oldsmar

34677

More information about PINNACLE HOME CARE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01SHANE DONALDSON2023-12-29
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01SHANE DONALDSON2015-08-26
0012013-01-01SHANE DONALDSON2014-06-04
0012012-01-01SHANE DONALDSON2013-08-06
0012011-01-01PAUL WORTHINGTON2012-10-15
0012010-01-01PAUL WORTHINGTON2011-10-17
0012007-01-01

Plan Statistics for PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019: PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01123
Total number of active participants reported on line 7a of the Form 55002019-01-01106
Number of retired or separated participants receiving benefits2019-01-018
Number of other retired or separated participants entitled to future benefits2019-01-0115
Total of all active and inactive participants2019-01-01129
Total participants2019-01-01129
Number of participants with account balances2019-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019 : PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$8,692
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$3,813
Total income from all sources (including contributions)2019-12-31$749,977
Total of all expenses incurred2019-12-31$1,162,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,156,373
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$296,956
Value of total assets at end of year2019-12-31$3,265,439
Value of total assets at beginning of year2019-12-31$3,672,941
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$5,985
Total interest from all sources2019-12-31$220
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$300,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$196,909
Participant contributions at end of year2019-12-31$18,267
Participant contributions at beginning of year2019-12-31$8,264
Participant contributions at end of year2019-12-31$25,002
Participant contributions at beginning of year2019-12-31$10,441
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$8,692
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$3,813
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-412,381
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,256,747
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,669,128
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$5,985
Value of interest in pooled separate accounts at end of year2019-12-31$1,922,922
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,073,376
Interest on participant loans2019-12-31$220
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,289,980
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,578,653
Net investment gain/loss from pooled separate accounts2019-12-31$452,801
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$100,047
Employer contributions (assets) at end of year2019-12-31$9,268
Employer contributions (assets) at beginning of year2019-12-31$2,207
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,156,373
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No

Form 5500 Responses for PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN

2019: PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2007: PINNACLE HOME CARE, INC. 401(K) PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-824090
Policy instance 1
Insurance contract or identification numberGA-824090
Number of Individuals Covered59
Total amount of commissions paid to insurance brokerUSD $10,354
Total amount of fees paid to insurance companyUSD $1,760
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,354
Additional information about fees paid to insurance brokerCOMMISSIONS
Insurance broker organization code?3
Amount paid for insurance broker fees1760

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