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S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameS & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN
Plan identification number 001

S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

S & R WE CARE MEDICAL PC has sponsored the creation of one or more 401k plans.

Company Name:S & R WE CARE MEDICAL PC
Employer identification number (EIN):134183457
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LEONARD SORKIN2024-04-12
0012023-01-01LEONARD SORKIN2024-09-04
0012022-01-01LEONARD SORKIN2023-09-20
0012021-01-01LEONARD SORKIN2022-10-13
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01LEONARD SORKIN2013-10-14 LEONARD SORKIN2013-10-14
0012011-01-01PENSION FILERS2012-09-14
0012010-01-01PENSION FILERS2011-10-11

Plan Statistics for S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN

Measure Date Value
2020: S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-019
Total number of active participants reported on line 7a of the Form 55002020-01-016
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-016
Number of participants with account balances2020-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-019
Total number of active participants reported on line 7a of the Form 55002019-01-018
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-018
Number of participants with account balances2019-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN

Measure Date Value
2020 : S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$154,503
Expenses. Total of all expenses incurred2020-12-31$4,030
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$503,387
Total plan assets at beginning of year2020-12-31$352,914
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$69,270
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$150,473
Net plan assets at end of year (total assets less liabilities)2020-12-31$503,387
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$352,914
Total contributions received or receivable from employer(s)2020-12-31$85,233
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$4,030
2019 : S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$45,726
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$352,914
Total plan assets at beginning of year2019-12-31$307,188
Total contributions received or receivable from participants2019-12-31$19,000
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$17,566
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$45,726
Net plan assets at end of year (total assets less liabilities)2019-12-31$352,914
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$307,188
Total contributions received or receivable from employer(s)2019-12-31$9,160
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0

Form 5500 Responses for S & R WE CARE MEDICAL PC 401K PROFIT SHARING PLAN

2020: S & R WE CARE MEDICAL PC 401K PROFIT SHARING 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: S & R WE CARE MEDICAL PC 401K PROFIT SHARING 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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