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TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan NameTURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number 002

TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

TURN-KEY MEDICAL INC has sponsored the creation of one or more 401k plans.

Company Name:TURN-KEY MEDICAL INC
Employer identification number (EIN):820379197
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-10-01
0022021-10-01
0022020-10-01
0022019-10-01DALE STEVENS2021-05-24

Plan Statistics for TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

401k plan membership statisitcs for TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2021: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-10-0139
Total number of active participants reported on line 7a of the Form 55002021-10-0136
Number of retired or separated participants receiving benefits2021-10-010
Number of other retired or separated participants entitled to future benefits2021-10-016
Total of all active and inactive participants2021-10-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-10-010
Total participants2021-10-0142
Number of participants with account balances2021-10-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-10-014
2020: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-10-0140
Total number of active participants reported on line 7a of the Form 55002020-10-0138
Number of retired or separated participants receiving benefits2020-10-010
Number of other retired or separated participants entitled to future benefits2020-10-011
Total of all active and inactive participants2020-10-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-10-010
Total participants2020-10-0139
Number of participants with account balances2020-10-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-10-011
2019: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-10-010
Total number of active participants reported on line 7a of the Form 55002019-10-0140
Number of retired or separated participants receiving benefits2019-10-010
Number of other retired or separated participants entitled to future benefits2019-10-010
Total of all active and inactive participants2019-10-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-10-010
Total participants2019-10-0140
Number of participants with account balances2019-10-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-10-010

Financial Data on TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022 : TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k financial data
Total plan liabilities at end of year2022-09-30$456,379
Total plan liabilities at beginning of year2022-09-30$456,379
Total income from all sources2022-09-30$1,327,496
Expenses. Total of all expenses incurred2022-09-30$7,496
Total plan assets at end of year2022-09-30$2,520,000
Total plan assets at beginning of year2022-09-30$1,200,000
Value of fidelity bond covering the plan2022-09-30$250,000
Expenses. Other expenses not covered elsewhere2022-09-30$7,496
Other income received2022-09-30$1,320,000
Net income (gross income less expenses)2022-09-30$1,320,000
Net plan assets at end of year (total assets less liabilities)2022-09-30$2,063,621
Net plan assets at beginning of year (total assets less liabilities)2022-09-30$743,621
Assets. Value of employer securities2022-09-30$2,520,000
Total contributions received or receivable from employer(s)2022-09-30$7,496
2021 : TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k financial data
Total plan liabilities at end of year2021-09-30$456,379
Total income from all sources2021-09-30$-522,648
Expenses. Total of all expenses incurred2021-09-30$0
Total plan assets at end of year2021-09-30$1,200,000
Total plan assets at beginning of year2021-09-30$1,266,269
Value of fidelity bond covering the plan2021-09-30$120,000
Other income received2021-09-30$-1,827,606
Net income (gross income less expenses)2021-09-30$-522,648
Net plan assets at end of year (total assets less liabilities)2021-09-30$743,621
Net plan assets at beginning of year (total assets less liabilities)2021-09-30$1,266,269
Assets. Value of employer securities2021-09-30$1,200,000
Total contributions received or receivable from employer(s)2021-09-30$1,304,958
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-09-30$0
2020 : TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k financial data
Total income from all sources2020-09-30$1,266,269
Expenses. Total of all expenses incurred2020-09-30$0
Total plan assets at end of year2020-09-30$1,266,269
Total plan assets at beginning of year2020-09-30$0
Net income (gross income less expenses)2020-09-30$1,266,269
Net plan assets at end of year (total assets less liabilities)2020-09-30$1,266,269
Net plan assets at beginning of year (total assets less liabilities)2020-09-30$0
Total contributions received or receivable from employer(s)2020-09-30$1,266,269

Form 5500 Responses for TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2021: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 form 5500 responses
2021-10-01Type of plan entitySingle employer plan
2021-10-01Submission has been amendedNo
2021-10-01This submission is the final filingNo
2021-10-01This return/report is a short plan year return/report (less than 12 months)No
2021-10-01Plan is a collectively bargained planNo
2021-10-01Plan funding arrangement – TrustYes
2021-10-01Plan benefit arrangement - TrustYes
2020: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 form 5500 responses
2020-10-01Type of plan entitySingle employer plan
2020-10-01Submission has been amendedNo
2020-10-01This submission is the final filingNo
2020-10-01This return/report is a short plan year return/report (less than 12 months)No
2020-10-01Plan is a collectively bargained planNo
2020-10-01Plan funding arrangement – TrustYes
2020-10-01Plan benefit arrangement - TrustYes
2019: TURN-KEY MEDICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 form 5500 responses
2019-10-01Type of plan entitySingle employer plan
2019-10-01First time form 5500 has been submittedYes
2019-10-01Submission has been amendedNo
2019-10-01This submission is the final filingNo
2019-10-01This return/report is a short plan year return/report (less than 12 months)No
2019-10-01Plan is a collectively bargained planNo
2019-10-01Plan funding arrangement – TrustYes
2019-10-01Plan benefit arrangement - TrustYes

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