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WELLNEXT LLC 401(K) PLAN 401k Plan overview

Plan NameWELLNEXT LLC 401(K) PLAN
Plan identification number 001

WELLNEXT LLC 401(K) 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.

401k Sponsoring company profile

NUTRANEXT, LLC has sponsored the creation of one or more 401k plans.

Company Name:NUTRANEXT, LLC
Employer identification number (EIN):472303382
NAIC Classification:424210
NAIC Description:Drugs and Druggists' Sundries Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WELLNEXT LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012018-01-01AMPI VILLAR2019-05-14
0012017-01-01
0012016-01-01
0012016-01-01AMPI VILLAR2017-09-25

Plan Statistics for WELLNEXT LLC 401(K) PLAN

401k plan membership statisitcs for WELLNEXT LLC 401(K) PLAN

Measure Date Value
2018: WELLNEXT LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01618
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0116
2017: WELLNEXT LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01555
Total number of active participants reported on line 7a of the Form 55002017-01-01454
Number of retired or separated participants receiving benefits2017-01-0192
Number of other retired or separated participants entitled to future benefits2017-01-0119
Total of all active and inactive participants2017-01-01565
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01565
Number of participants with account balances2017-01-01439
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0142
2016: WELLNEXT LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01547
Total number of active participants reported on line 7a of the Form 55002016-01-01431
Number of retired or separated participants receiving benefits2016-01-0174
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-01505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01505
Number of participants with account balances2016-01-01374
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0154

Financial Data on WELLNEXT LLC 401(K) PLAN

Measure Date Value
2018 : WELLNEXT LLC 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-07-27$1,199,435
Total of all expenses incurred2018-07-27$11,682,586
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-07-27$11,636,306
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-07-27$885,374
Value of total assets at end of year2018-07-27$0
Value of total assets at beginning of year2018-07-27$10,483,151
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-07-27$46,280
Total interest from all sources2018-07-27$2,387
Total dividends received (eg from common stock, registered investment company shares)2018-07-27$26,354
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-07-27Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-07-27$0
Total dividends received from registered investment company shares (eg mutual funds)2018-07-27$26,354
Was this plan covered by a fidelity bond2018-07-27Yes
Value of fidelity bond cover2018-07-27$1,000,000
If this is an individual account plan, was there a blackout period2018-07-27No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-07-27$0
Were there any nonexempt tranactions with any party-in-interest2018-07-27No
Contributions received from participants2018-07-27$477,515
Participant contributions at end of year2018-07-27$0
Participant contributions at beginning of year2018-07-27$196,663
Income. Received or receivable in cash from other sources (including rollovers)2018-07-27$126,058
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-07-27No
Value of net income/loss2018-07-27$-10,483,151
Value of net assets at end of year (total assets less liabilities)2018-07-27$0
Value of net assets at beginning of year (total assets less liabilities)2018-07-27$10,483,151
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-07-27No
Were any loans by the plan or fixed income obligations due to the plan in default2018-07-27No
Were any leases to which the plan was party in default or uncollectible2018-07-27No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-07-27$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-07-27$10,286,488
Interest on participant loans2018-07-27$2,387
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-07-27$285,320
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-07-27No
Was there a failure to transmit to the plan any participant contributions2018-07-27No
Has the plan failed to provide any benefit when due under the plan2018-07-27No
Contributions received in cash from employer2018-07-27$281,801
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-07-27$11,636,306
Contract administrator fees2018-07-27$46,280
Did the plan have assets held for investment2018-07-27Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-07-27No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-07-27Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-07-27Yes
Opinion of an independent qualified public accountant for this plan2018-07-27Disclaimer
Accountancy firm name2018-07-27MARTINELLI & COMPANY, LLC
Accountancy firm EIN2018-07-27271787643
2017 : WELLNEXT LLC 401(K) PLAN 2017 401k financial data
Total transfer of assets from this plan2017-12-31$787,364
Total income from all sources (including contributions)2017-12-31$3,654,827
Total of all expenses incurred2017-12-31$1,057,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,031,352
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,277,030
Value of total assets at end of year2017-12-31$10,483,151
Value of total assets at beginning of year2017-12-31$8,673,285
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$26,245
Total interest from all sources2017-12-31$11,012
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$187,957
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$187,957
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,306,850
Participant contributions at end of year2017-12-31$196,663
Participant contributions at beginning of year2017-12-31$257,406
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$48,580
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$614,830
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$8,355,637
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,597,230
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,483,151
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$8,673,285
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$10,286,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$11,012
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,178,828
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$355,350
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$11,662
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,031,352
Contract administrator fees2017-12-31$26,245
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MARTINELLI & COMPANY, LLC
Accountancy firm EIN2017-12-31271787643
2016 : WELLNEXT LLC 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$3,057,459
Total of all expenses incurred2016-12-31$1,414,353
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,404,042
Value of total corrective distributions2016-12-31$300
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,475,839
Value of total assets at end of year2016-12-31$8,673,285
Value of total assets at beginning of year2016-12-31$7,030,179
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$10,011
Total interest from all sources2016-12-31$13,004
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,157,672
Participant contributions at end of year2016-12-31$257,406
Participant contributions at beginning of year2016-12-31$242,874
Participant contributions at end of year2016-12-31$48,580
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,013,061
Other income not declared elsewhere2016-12-31$3,550
Administrative expenses (other) incurred2016-12-31$28
Total non interest bearing cash at end of year2016-12-31$8,355,637
Total non interest bearing cash at beginning of year2016-12-31$22,841
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,643,106
Value of net assets at end of year (total assets less liabilities)2016-12-31$8,673,285
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$7,030,179
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$0
Value of interest in pooled separate accounts at beginning of year2016-12-31$6,764,464
Interest on participant loans2016-12-31$13,004
Net investment gain/loss from pooled separate accounts2016-12-31$565,066
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$305,106
Employer contributions (assets) at end of year2016-12-31$11,662
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,404,042
Contract administrator fees2016-12-31$9,983
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MARTINELLI & COMPANY, LLC
Accountancy firm EIN2016-12-31271787643

Form 5500 Responses for WELLNEXT LLC 401(K) PLAN

2018: WELLNEXT LLC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: WELLNEXT LLC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: WELLNEXT LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01Submission has been amendedYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number96904
Policy instance 1
Insurance contract or identification number96904
Insurance policy start date2017-01-01
Insurance policy end date2017-12-30
Insurance broker organization code?3
Insurance broker nameTHE PENSION STUDIO

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