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SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 401k Plan overview

Plan NameSOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST
Plan identification number 001

SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 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
  • 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

SOMERSET MEDICAL ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOMERSET MEDICAL ASSOCIATES, INC.
Employer identification number (EIN):042474073
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01MARK A DERBY DERBY AND COMPANY
0012014-01-01MARK A DERBY DERBY COMPANY
0012013-01-01MARK A DERBY DERBY COMPANY
0012012-01-01MARK A DERBY DERBY AND COMPANY
0012011-01-01MARK A DERBY DERBY AND COMPANY INC.
0012010-01-01MARK A DERBY DERBY AND COMPANY INC.
0012009-01-01MARK A DERBY DERBY AND COMPANY INC.

Plan Statistics for SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST

401k plan membership statisitcs for SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST

Measure Date Value
2015: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-013
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-014
Number of participants with account balances2014-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-014
Total number of active participants reported on line 7a of the Form 55002013-01-013
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-014
Number of participants with account balances2013-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-014
Total number of active participants reported on line 7a of the Form 55002012-01-014
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-014
Total number of active participants reported on line 7a of the Form 55002011-01-014
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-014
Number of participants with account balances2011-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-014
Total number of active participants reported on line 7a of the Form 55002010-01-014
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-014
Number of participants with account balances2010-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-015
Total number of active participants reported on line 7a of the Form 55002009-01-014
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-014
Number of participants with account balances2009-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST

Measure Date Value
2015 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2015 401k financial data
Transfers to/from the plan2015-10-31$0
Total plan liabilities at end of year2015-10-31$0
Total plan liabilities at beginning of year2015-10-31$0
Total income from all sources2015-10-31$3,245
Expenses. Total of all expenses incurred2015-10-31$352,514
Benefits paid (including direct rollovers)2015-10-31$350,938
Total plan assets at end of year2015-10-31$0
Total plan assets at beginning of year2015-10-31$349,269
Value of fidelity bond covering the plan2015-10-31$850,000
Other income received2015-10-31$3,245
Net income (gross income less expenses)2015-10-31$-349,269
Net plan assets at end of year (total assets less liabilities)2015-10-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-10-31$349,269
Assets. Value of assets in partnership/joint-venture interests2015-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-10-31$1,576
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-10-31$0
2014 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$71,200
Expenses. Total of all expenses incurred2014-12-31$1,441,809
Benefits paid (including direct rollovers)2014-12-31$1,431,406
Total plan assets at end of year2014-12-31$349,269
Total plan assets at beginning of year2014-12-31$1,719,878
Value of fidelity bond covering the plan2014-12-31$850,000
Total contributions received or receivable from participants2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$71,200
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-1,370,609
Net plan assets at end of year (total assets less liabilities)2014-12-31$349,269
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,719,878
Assets. Value of assets in partnership/joint-venture interests2014-12-31$67,626
Total contributions received or receivable from employer(s)2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$10,403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2013 401k financial data
Total income from all sources2013-12-31$174,671
Expenses. Total of all expenses incurred2013-12-31$1,097,884
Benefits paid (including direct rollovers)2013-12-31$1,081,636
Total plan assets at end of year2013-12-31$1,719,878
Total plan assets at beginning of year2013-12-31$2,643,091
Value of fidelity bond covering the plan2013-12-31$850,000
Other income received2013-12-31$174,671
Net income (gross income less expenses)2013-12-31$-923,213
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,719,878
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,643,091
Assets. Value of assets in partnership/joint-venture interests2013-12-31$855,927
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$16,248
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2012 401k financial data
Total income from all sources2012-12-31$538,994
Expenses. Total of all expenses incurred2012-12-31$174,578
Benefits paid (including direct rollovers)2012-12-31$161,345
Total plan assets at end of year2012-12-31$2,643,091
Total plan assets at beginning of year2012-12-31$2,278,675
Value of fidelity bond covering the plan2012-12-31$500,000
Contributions received from other sources (not participants or employers)2012-12-31$232,808
Other income received2012-12-31$306,186
Net income (gross income less expenses)2012-12-31$364,416
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,643,091
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,278,675
Assets. Value of participant loans2012-12-31$8,398
Assets. Value of assets in partnership/joint-venture interests2012-12-31$571,850
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$13,233
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2011 401k financial data
Total income from all sources2011-12-31$-19,608
Expenses. Total of all expenses incurred2011-12-31$173,306
Benefits paid (including direct rollovers)2011-12-31$160,136
Total plan assets at end of year2011-12-31$2,278,675
Total plan assets at beginning of year2011-12-31$2,471,589
Value of fidelity bond covering the plan2011-12-31$500,000
Other income received2011-12-31$-19,608
Net income (gross income less expenses)2011-12-31$-192,914
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,278,675
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,471,589
Assets. Value of participant loans2011-12-31$21,651
Assets. Value of assets in partnership/joint-venture interests2011-12-31$270,556
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$13,170
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2010 401k financial data
Total income from all sources2010-12-31$206,483
Expenses. Total of all expenses incurred2010-12-31$168,294
Benefits paid (including direct rollovers)2010-12-31$154,099
Total plan assets at end of year2010-12-31$2,471,589
Total plan assets at beginning of year2010-12-31$2,433,400
Value of fidelity bond covering the plan2010-12-31$500,000
Other income received2010-12-31$206,483
Net income (gross income less expenses)2010-12-31$38,189
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,471,589
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,433,400
Assets. Value of participant loans2010-12-31$31,621
Assets. Value of assets in partnership/joint-venture interests2010-12-31$515,326
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$14,195
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST

2015: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SOMERSET MEDICAL ASSOCIATES PROFIT SHARING TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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