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MED-SMART, INC. 401(K) PLAN 401k Plan overview

Plan NameMED-SMART, INC. 401(K) PLAN
Plan identification number 001

MED-SMART, INC. 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

MED-SMART, INC. has sponsored the creation of one or more 401k plans.

Company Name:MED-SMART, INC.
Employer identification number (EIN):880447584
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Additional information about MED-SMART, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2000-01-04
Company Identification Number: 20001172063
Legal Registered Office Address: 870 SEVEN HILLS DR
STE 203
HENDERSON
United States of America (USA)
89052

More information about MED-SMART, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MED-SMART, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MARK CANNADY MARK CANNADY2018-09-27
0012016-01-01MARK CANNADY MARK CANNADY2017-10-11
0012015-01-01MARK CANNADY MARK CANNADY2016-10-11
0012014-01-01BRENT WHILE2015-06-24 BRENT WHILE2015-06-24
0012013-01-01BRENT WHILE2014-09-12 BRENT WHILE2014-09-12
0012012-01-01GAYLEN WHILE2013-10-04 GAYLEN WHILE2013-10-04
0012011-01-01MARK C. CANNADY2012-07-09 MARK C. CANNADY2012-07-09
0012010-01-01GAYLEN WHILE2011-09-15 GAYLEN WHILE2011-09-15

Plan Statistics for MED-SMART, INC. 401(K) PLAN

401k plan membership statisitcs for MED-SMART, INC. 401(K) PLAN

Measure Date Value
2022: MED-SMART, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01534
Total number of active participants reported on line 7a of the Form 55002022-01-01484
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0173
Total of all active and inactive participants2022-01-01557
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01557
Number of participants with account balances2022-01-01260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: MED-SMART, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01523
Total number of active participants reported on line 7a of the Form 55002021-01-01459
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0147
Total of all active and inactive participants2021-01-01506
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01506
Number of participants with account balances2021-01-01229
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0115
2020: MED-SMART, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01537
Total number of active participants reported on line 7a of the Form 55002020-01-01481
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0136
Total of all active and inactive participants2020-01-01517
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01517
Number of participants with account balances2020-01-01209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-016
2019: MED-SMART, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01480
Total number of active participants reported on line 7a of the Form 55002019-01-01505
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0127
Total of all active and inactive participants2019-01-01532
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01532
Number of participants with account balances2019-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-018
2018: MED-SMART, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01438
Total number of active participants reported on line 7a of the Form 55002018-01-01441
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0120
Total of all active and inactive participants2018-01-01461
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01461
Number of participants with account balances2018-01-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MED-SMART, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01302
Total number of active participants reported on line 7a of the Form 55002017-01-01378
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0121
Total of all active and inactive participants2017-01-01399
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01399
Number of participants with account balances2017-01-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MED-SMART, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01262
Total number of active participants reported on line 7a of the Form 55002016-01-01281
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0114
Total of all active and inactive participants2016-01-01295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01295
Number of participants with account balances2016-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MED-SMART, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01233
Total number of active participants reported on line 7a of the Form 55002015-01-01246
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-01256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01256
Number of participants with account balances2015-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on MED-SMART, INC. 401(K) PLAN

Measure Date Value
2022 : MED-SMART, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$137,105
Total of all expenses incurred2022-12-31$1,191,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,118,209
Value of total corrective distributions2022-12-31$15,009
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,765,354
Value of total assets at end of year2022-12-31$8,488,166
Value of total assets at beginning of year2022-12-31$9,542,662
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$58,383
Total interest from all sources2022-12-31$10,614
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$500,000
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$1,324,328
Participant contributions at end of year2022-12-31$215,815
Participant contributions at beginning of year2022-12-31$190,003
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$348,026
Other income not declared elsewhere2022-12-31$20
Total non interest bearing cash at end of year2022-12-31$6,863
Total non interest bearing cash at beginning of year2022-12-31$4,255
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,054,496
Value of net assets at end of year (total assets less liabilities)2022-12-31$8,488,166
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$9,542,662
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
Investment advisory and management fees2022-12-31$55,533
Value of interest in pooled separate accounts at end of year2022-12-31$8,172,488
Value of interest in pooled separate accounts at beginning of year2022-12-31$9,348,404
Interest on participant loans2022-12-31$10,614
Net investment gain/loss from pooled separate accounts2022-12-31$-1,638,883
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
Contributions received in cash from employer2022-12-31$93,000
Employer contributions (assets) at end of year2022-12-31$93,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,118,209
Contract administrator fees2022-12-31$2,850
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 name2022-12-31VELEZ & HARDY, CPAS
Accountancy firm EIN2022-12-31884079401
2021 : MED-SMART, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$2,496,568
Total of all expenses incurred2021-12-31$1,551,458
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,426,374
Value of total corrective distributions2021-12-31$43,467
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,080,798
Value of total assets at end of year2021-12-31$9,542,662
Value of total assets at beginning of year2021-12-31$8,597,552
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$81,617
Total interest from all sources2021-12-31$9,315
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$500,000
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$1,065,790
Participant contributions at end of year2021-12-31$190,003
Participant contributions at beginning of year2021-12-31$188,990
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$15,008
Other income not declared elsewhere2021-12-31$-28
Total non interest bearing cash at end of year2021-12-31$4,255
Total non interest bearing cash at beginning of year2021-12-31$1,626
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$945,110
Value of net assets at end of year (total assets less liabilities)2021-12-31$9,542,662
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,597,552
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
Investment advisory and management fees2021-12-31$79,717
Value of interest in pooled separate accounts at end of year2021-12-31$9,348,404
Value of interest in pooled separate accounts at beginning of year2021-12-31$8,306,936
Interest on participant loans2021-12-31$9,315
Net investment gain/loss from pooled separate accounts2021-12-31$1,406,483
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
Employer contributions (assets) at beginning of year2021-12-31$100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,426,374
Contract administrator fees2021-12-31$1,900
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 name2021-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2021-12-31261629859
2020 : MED-SMART, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$2,473,891
Total of all expenses incurred2020-12-31$375,606
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$294,937
Value of total corrective distributions2020-12-31$20,040
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,119,237
Value of total assets at end of year2020-12-31$8,597,552
Value of total assets at beginning of year2020-12-31$6,499,267
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$60,629
Total interest from all sources2020-12-31$9,789
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$500,000
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$1,011,126
Participant contributions at end of year2020-12-31$188,990
Participant contributions at beginning of year2020-12-31$153,344
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$8,111
Other income not declared elsewhere2020-12-31$28
Total non interest bearing cash at end of year2020-12-31$1,626
Total non interest bearing cash at beginning of year2020-12-31$628
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$2,098,285
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,597,552
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,499,267
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
Investment advisory and management fees2020-12-31$58,379
Value of interest in pooled separate accounts at end of year2020-12-31$8,306,936
Value of interest in pooled separate accounts at beginning of year2020-12-31$6,245,295
Interest on participant loans2020-12-31$9,789
Net investment gain/loss from pooled separate accounts2020-12-31$1,344,837
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
Contributions received in cash from employer2020-12-31$100,000
Employer contributions (assets) at end of year2020-12-31$100,000
Employer contributions (assets) at beginning of year2020-12-31$100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$294,937
Contract administrator fees2020-12-31$2,250
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 plan2020-12-31Qualified
Accountancy firm name2020-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2020-12-31261629859
2019 : MED-SMART, INC. 401(K) PLAN 2019 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,164,452
Total of all expenses incurred2019-12-31$389,369
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$354,541
Value of total corrective distributions2019-12-31$330
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,076,354
Value of total assets at end of year2019-12-31$6,499,267
Value of total assets at beginning of year2019-12-31$4,724,184
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$34,498
Total interest from all sources2019-12-31$6,643
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$500,000
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$976,354
Participant contributions at end of year2019-12-31$153,344
Participant contributions at beginning of year2019-12-31$71,169
Total non interest bearing cash at end of year2019-12-31$628
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$1,775,083
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,499,267
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,724,184
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$32,798
Value of interest in pooled separate accounts at end of year2019-12-31$6,245,295
Value of interest in pooled separate accounts at beginning of year2019-12-31$4,553,015
Interest on participant loans2019-12-31$5,954
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$689
Net investment gain/loss from pooled separate accounts2019-12-31$1,081,455
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$100,000
Employer contributions (assets) at end of year2019-12-31$100,000
Employer contributions (assets) at beginning of year2019-12-31$100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$354,541
Contract administrator fees2019-12-31$1,700
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2019-12-31261629859
2018 : MED-SMART, INC. 401(K) PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$629,084
Total of all expenses incurred2018-12-31$572,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$570,450
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$949,300
Value of total assets at end of year2018-12-31$4,724,184
Value of total assets at beginning of year2018-12-31$4,667,615
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,065
Total interest from all sources2018-12-31$5,888
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$100,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$823,048
Participant contributions at end of year2018-12-31$71,169
Participant contributions at beginning of year2018-12-31$95,306
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$26,252
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$56,569
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,724,184
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,667,615
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$715
Value of interest in pooled separate accounts at end of year2018-12-31$4,553,015
Value of interest in pooled separate accounts at beginning of year2018-12-31$4,572,309
Interest on participant loans2018-12-31$4,028
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$1,860
Net investment gain/loss from pooled separate accounts2018-12-31$-326,104
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$100,000
Employer contributions (assets) at end of year2018-12-31$100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$570,450
Contract administrator fees2018-12-31$1,350
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2018-12-31261629859
2017 : MED-SMART, INC. 401(K) PLAN 2017 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,425,225
Total of all expenses incurred2017-12-31$239,124
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$212,749
Value of total corrective distributions2017-12-31$24,155
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$832,460
Value of total assets at end of year2017-12-31$4,667,615
Value of total assets at beginning of year2017-12-31$3,481,514
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,220
Total interest from all sources2017-12-31$5,988
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$100,000
If this is an individual account plan, was there a blackout period2017-12-31No
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$719,212
Participant contributions at end of year2017-12-31$95,306
Participant contributions at beginning of year2017-12-31$102,891
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$113,248
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$1,186,101
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,667,615
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,481,514
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
Investment advisory and management fees2017-12-31$670
Value of interest in pooled separate accounts at end of year2017-12-31$4,572,309
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,378,623
Interest on participant loans2017-12-31$4,395
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,593
Net investment gain/loss from pooled separate accounts2017-12-31$586,777
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$212,749
Contract administrator fees2017-12-31$1,550
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
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 name2017-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2017-12-31261629859
2016 : MED-SMART, INC. 401(K) PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$873,092
Total of all expenses incurred2016-12-31$454,986
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$437,227
Value of total corrective distributions2016-12-31$16,045
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$641,919
Value of total assets at end of year2016-12-31$3,481,514
Value of total assets at beginning of year2016-12-31$3,063,408
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,714
Total interest from all sources2016-12-31$6,160
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$306,341
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$583,976
Participant contributions at end of year2016-12-31$102,891
Participant contributions at beginning of year2016-12-31$123,902
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$57,943
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$418,106
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,481,514
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,063,408
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
Investment advisory and management fees2016-12-31$414
Value of interest in pooled separate accounts at end of year2016-12-31$3,378,623
Value of interest in pooled separate accounts at beginning of year2016-12-31$2,939,506
Interest on participant loans2016-12-31$4,904
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$1,256
Net investment gain/loss from pooled separate accounts2016-12-31$225,013
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$437,227
Contract administrator fees2016-12-31$1,300
Liabilities. Value of benefit claims payable at end of year2016-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
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 name2016-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2016-12-31261629859
2015 : MED-SMART, INC. 401(K) PLAN 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$16,045
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$6,586
Total income from all sources (including contributions)2015-12-31$680,456
Total of all expenses incurred2015-12-31$67,746
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$50,441
Value of total corrective distributions2015-12-31$16,045
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$719,976
Value of total assets at end of year2015-12-31$3,063,408
Value of total assets at beginning of year2015-12-31$2,441,239
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,260
Total interest from all sources2015-12-31$6,570
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$244,125
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$507,425
Participant contributions at end of year2015-12-31$123,902
Participant contributions at beginning of year2015-12-31$141,649
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$212,551
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$612,710
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,047,363
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,434,653
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$310
Value of interest in pooled separate accounts at end of year2015-12-31$2,939,506
Value of interest in pooled separate accounts at beginning of year2015-12-31$2,299,590
Interest on participant loans2015-12-31$5,505
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,065
Net investment gain/loss from pooled separate accounts2015-12-31$-46,090
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$50,441
Contract administrator fees2015-12-31$950
Liabilities. Value of benefit claims payable at end of year2015-12-31$16,045
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$6,586
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31ELLSWORTH & STOUT LLC
Accountancy firm EIN2015-12-31261629859

Form 5500 Responses for MED-SMART, INC. 401(K) PLAN

2022: MED-SMART, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MED-SMART, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MED-SMART, INC. 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 - TrustYes
2019: MED-SMART, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MED-SMART, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MED-SMART, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MED-SMART, INC. 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MED-SMART, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan 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 number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered265
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $23,754
Total amount of fees paid to insurance companyUSD $7,055
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $23,754
Insurance broker organization code?3
Amount paid for insurance broker fees7055
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered237
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $36,613
Total amount of fees paid to insurance companyUSD $6,575
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $36,613
Insurance broker organization code?3
Amount paid for insurance broker fees6575
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered211
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $26,079
Total amount of fees paid to insurance companyUSD $5,337
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $26,079
Insurance broker organization code?3
Amount paid for insurance broker fees5337
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered190
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $21,250
Total amount of fees paid to insurance companyUSD $1,700
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,250
Insurance broker organization code?3
Amount paid for insurance broker fees1700
Additional information about fees paid to insurance brokerPLAN ADMINISTRATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered144
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $15,504
Total amount of fees paid to insurance companyUSD $4,974
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $15,504
Insurance broker organization code?3
Amount paid for insurance broker fees4974
Additional information about fees paid to insurance brokerTHIRD-PARTY ADMINISTRATION
Insurance broker nameSUNBURST PENSION SERVICES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number116011
Policy instance 1
Insurance contract or identification number116011
Number of Individuals Covered107
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $10,427
Total amount of fees paid to insurance companyUSD $5,313
Commission paid to Insurance BrokerUSD $10,427
Insurance broker organization code?3
Amount paid for insurance broker fees5313
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATION
Insurance broker nameSUNBURST PENSION SERVICES

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