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PANACEA HEALTH CORP 401(K) PLAN 401k Plan overview

Plan NamePANACEA HEALTH CORP 401(K) PLAN
Plan identification number 001

PANACEA HEALTH CORP 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.
  • 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

PANACEA HEALTH CORP has sponsored the creation of one or more 401k plans.

Company Name:PANACEA HEALTH CORP
Employer identification number (EIN):824446365
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PANACEA HEALTH CORP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVEN ROSENZWEIG2024-07-24
0012022-01-01
0012022-01-01STEVEN ROSENZWEIG
0012021-01-01
0012021-01-01
0012021-01-01STEVEN ROSENZWEIG
0012020-01-01
0012019-08-01

Financial Data on PANACEA HEALTH CORP 401(K) PLAN

Measure Date Value
2025 : PANACEA HEALTH CORP 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-14115890
Net assets as of the end of the plan year2025-07-141993511
Total assets as of the beginning of the plan year2025-07-141251713
Value of plan covered by a fidelity bond2025-07-14126000
Participant contributions to plan in this plan year2025-07-14625816
Value of participant loans at end of plan year2025-07-1430914
Other contributions to plan in this plan year2025-07-1489636
Other income to plan in this plan year2025-07-14142236
Plan net income in this plan year2025-07-14741798
Net assets as of the end of the plan year2025-07-141993511
Net assets as of the beginning of the plan year2025-07-141251713
Fees paid to broker by Benefit Provider2025-07-147639
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-146515
2024 : PANACEA HEALTH CORP 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-2425486
Net assets as of the end of the plan year2024-07-241251713
Total assets as of the beginning of the plan year2024-07-24742225
Value of plan covered by a fidelity bond2024-07-2410000
Participant contributions to plan in this plan year2024-07-24412521
Value of participant loans at end of plan year2024-07-2418378
Other contributions to plan in this plan year2024-07-241640
Other income to plan in this plan year2024-07-24120813
Plan net income in this plan year2024-07-24509488
Net assets as of the end of the plan year2024-07-241251713
Net assets as of the beginning of the plan year2024-07-24742225
Fees paid to broker by Benefit Provider2024-07-244586
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-244670
2022 : PANACEA HEALTH CORP 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$664,433
Total of all expenses incurred2022-12-31$28,064
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$27,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$672,756
Value of total assets at end of year2022-12-31$742,225
Value of total assets at beginning of year2022-12-31$105,856
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,028
Total interest from all sources2022-12-31$61
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$197,118
Participant contributions at end of year2022-12-31$4,695
Participant contributions at end of year2022-12-31$4,008
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$475,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$636,369
Value of net assets at end of year (total assets less liabilities)2022-12-31$742,225
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$105,856
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$733,522
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$105,856
Interest on participant loans2022-12-31$61
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-8,384
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$27,036
Contract administrator fees2022-12-31$1,028
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31EFPR GROUP CPAS, PLLC
Accountancy firm EIN2022-12-31474526160
Total income from all sources (including contributions)2022-01-01$664,433
Total of all expenses incurred2022-01-01$28,064
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$27,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$672,756
Value of total assets at end of year2022-01-01$742,225
Value of total assets at beginning of year2022-01-01$105,856
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$1,028
Total interest from all sources2022-01-01$61
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$10,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$197,118
Participant contributions at end of year2022-01-01$4,695
Participant contributions at end of year2022-01-01$4,008
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$475,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$636,369
Value of net assets at end of year (total assets less liabilities)2022-01-01$742,225
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$105,856
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$733,522
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$105,856
Interest on participant loans2022-01-01$61
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-8,384
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$27,036
Contract administrator fees2022-01-01$1,028
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-01-01No
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01EFPR GROUP CPAS, PLLC
Accountancy firm EIN2022-01-01474526160
2021 : PANACEA HEALTH CORP 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$59,213
Total of all expenses incurred2021-12-31$30,683
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$30,066
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$48,599
Value of total assets at end of year2021-12-31$105,856
Value of total assets at beginning of year2021-12-31$77,326
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$617
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$48,599
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$28,530
Value of net assets at end of year (total assets less liabilities)2021-12-31$105,856
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$77,326
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$105,856
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$77,326
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$10,614
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$30,066
Contract administrator fees2021-12-31$617
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31EFPR GROUP CPAS PLLC
Accountancy firm EIN2021-12-31474526160
2020 : PANACEA HEALTH CORP 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$60,983
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$7,948
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$7,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$54,699
Value of total assets at end of year2020-12-31$77,326
Value of total assets at beginning of year2020-12-31$24,291
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$331
Total interest from all sources2020-12-31$4
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$54,699
Administrative expenses (other) incurred2020-12-31$331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$53,035
Value of net assets at end of year (total assets less liabilities)2020-12-31$77,326
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$24,291
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$77,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$24,291
Interest on participant loans2020-12-31$4
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$6,280
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$7,617
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31EFPR GROUP CPAS PLLC
Accountancy firm EIN2020-12-31474526160
2019 : PANACEA HEALTH CORP 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$24,291
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$23,062
Value of total assets at end of year2019-12-31$24,291
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$10,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$9,394
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$13,668
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$24,291
Value of net assets at end of year (total assets less liabilities)2019-12-31$24,291
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$24,291
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,229
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
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 PANACEA HEALTH CORP 401(K) PLAN

2022: PANACEA HEALTH CORP 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PANACEA HEALTH CORP 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PANACEA HEALTH CORP 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PANACEA HEALTH CORP 401(K) PLAN 2019 form 5500 responses
2019-08-01Type of plan entitySingle employer plan
2019-08-01First time form 5500 has been submittedYes
2019-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-08-01Plan funding arrangement – TrustYes
2019-08-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1

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