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PREFERRED MEDICAL, LLC 401(K) PLAN 401k Plan overview

Plan NamePREFERRED MEDICAL, LLC 401(K) PLAN
Plan identification number 001

PREFERRED MEDICAL, LLC 401(K) 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PREFERRED MEDICAL SUPPLY, LLC has sponsored the creation of one or more 401k plans.

Company Name:PREFERRED MEDICAL SUPPLY, LLC
Employer identification number (EIN):710886941
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about PREFERRED MEDICAL SUPPLY, LLC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2017-08-28
Company Identification Number: L17000183394
Legal Registered Office Address: 6929 NW 63RD WAY

PARKLAND

33067

More information about PREFERRED MEDICAL SUPPLY, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREFERRED MEDICAL, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01DAVID HICKS2018-07-30
0012016-01-01DAVID HICKS
0012015-01-01PLAN SPONSOR2016-10-06
0012014-01-01PLAN SPONSOR2015-10-13
0012013-01-01PLAN SPONSOR2014-10-14
0012012-01-01DAVID HICKS2013-07-08
0012011-01-01DAVID HICKS2012-10-12
0012010-01-01DAVID HICKS2011-10-17

Plan Statistics for PREFERRED MEDICAL, LLC 401(K) PLAN

401k plan membership statisitcs for PREFERRED MEDICAL, LLC 401(K) PLAN

Measure Date Value
2016: PREFERRED MEDICAL, LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-010
Total number of active participants reported on line 7a of the Form 55002016-01-0143
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0144
Number of participants with account balances2016-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on PREFERRED MEDICAL, LLC 401(K) PLAN

Measure Date Value
2016 : PREFERRED MEDICAL, LLC 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$318,858
Expenses. Total of all expenses incurred2016-12-31$61,820
Benefits paid (including direct rollovers)2016-12-31$37,357
Total plan assets at end of year2016-12-31$2,311,491
Total plan assets at beginning of year2016-12-31$2,054,453
Value of fidelity bond covering the plan2016-12-31$20,000
Total contributions received or receivable from participants2016-12-31$155,929
Expenses. Other expenses not covered elsewhere2016-12-31$200
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$100,817
Net income (gross income less expenses)2016-12-31$257,038
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,311,491
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,054,453
Assets. Value of participant loans2016-12-31$19,272
Total contributions received or receivable from employer(s)2016-12-31$62,112
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$24,263
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Funding deficiency by the employer to the plan for this plan year2016-12-31$0
Minimum employer required contribution for this plan year2016-12-31$0
Amount contributed by the employer to the plan for this plan year2016-12-31$0

Form 5500 Responses for PREFERRED MEDICAL, LLC 401(K) PLAN

2016: PREFERRED MEDICAL, LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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