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MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 002

MEDICAL NETWORK OF ALASKA, LLC 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEDICAL NETWORK OF ALASKA, LLC has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL NETWORK OF ALASKA, LLC
Employer identification number (EIN):204985038
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about MEDICAL NETWORK OF ALASKA, LLC

Jurisdiction of Incorporation: Alaska Department Commerce, Community & Economic Development
Incorporation Date: 2006-10-13
Company Identification Number: 103547
Legal Registered Office Address: 3122 E. MERIDIAN PARKWAY LOOP

WASILLA
United States of America (USA)
99654

More information about MEDICAL NETWORK OF ALASKA, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01WADE ERICKSON M.D.2021-10-14 WADE ERICKSON M.D.2021-10-14
0022019-06-28WADE ERICKSON M.D.2020-10-14 WADE ERICKSON M.D.2020-10-14

Plan Statistics for MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01165
Total number of active participants reported on line 7a of the Form 55002023-01-01121
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0144
Total of all active and inactive participants2023-01-01165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-011
Total participants2023-01-01166
Number of participants with account balances2023-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01156
Total number of active participants reported on line 7a of the Form 55002022-01-01114
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0129
Total of all active and inactive participants2022-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01144
Number of participants with account balances2022-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01133
Total number of active participants reported on line 7a of the Form 55002021-01-01119
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0121
Total of all active and inactive participants2021-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01141
Number of participants with account balances2021-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,743,128
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$157,248
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$127,924
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,027,569
Value of total assets at end of year2023-12-31$5,437,446
Value of total assets at beginning of year2023-12-31$3,851,566
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$29,324
Total interest from all sources2023-12-31$326
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$119,267
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$119,267
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$699,173
Participant contributions at end of year2023-12-31$4,629
Participant contributions at beginning of year2023-12-31$4,359
Participant contributions at end of year2023-12-31$2,665
Participant contributions at beginning of year2023-12-31$327
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$0
Other income not declared elsewhere2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,585,880
Value of net assets at end of year (total assets less liabilities)2023-12-31$5,437,446
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,851,566
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$19,116
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$4,922,862
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,464,822
Interest on participant loans2023-12-31$282
Interest earned on other investments2023-12-31$44
Value of interest in common/collective trusts at end of year2023-12-31$178,894
Value of interest in common/collective trusts at beginning of year2023-12-31$59,510
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$594,439
Net investment gain or loss from common/collective trusts2023-12-31$1,527
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$328,396
Employer contributions (assets) at end of year2023-12-31$328,396
Employer contributions (assets) at beginning of year2023-12-31$322,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$127,924
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$0
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31THOMAS, HEAD & GREISEN, PC
Accountancy firm EIN2023-12-31920043874
2022 : MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$276,108
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$99,824
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$71,990
Expenses. Certain deemed distributions of participant loans2022-12-31$2,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$881,679
Value of total assets at end of year2022-12-31$3,851,566
Value of total assets at beginning of year2022-12-31$3,675,282
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$25,463
Total interest from all sources2022-12-31$37
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$182,950
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$182,950
Administrative expenses professional fees incurred2022-12-31$8,870
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$559,131
Participant contributions at end of year2022-12-31$4,359
Participant contributions at beginning of year2022-12-31$2,334
Participant contributions at end of year2022-12-31$327
Participant contributions at beginning of year2022-12-31$31,493
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$176,284
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,851,566
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,675,282
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$16,593
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,464,822
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,392,411
Interest on participant loans2022-12-31$37
Value of interest in common/collective trusts at end of year2022-12-31$59,510
Value of interest in common/collective trusts at beginning of year2022-12-31$16,338
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-789,019
Net investment gain or loss from common/collective trusts2022-12-31$461
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$322,548
Employer contributions (assets) at end of year2022-12-31$322,548
Employer contributions (assets) at beginning of year2022-12-31$232,706
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$71,990
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
Aggregate proceeds on sale of assets2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31THOMAS, HEAD & GREISEN, PC
Accountancy firm EIN2022-12-31920043874
2021 : MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,055,803
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$162,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$126,530
Expenses. Certain deemed distributions of participant loans2021-12-31$16,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$616,458
Value of total assets at end of year2021-12-31$3,675,282
Value of total assets at beginning of year2021-12-31$2,781,842
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$19,427
Total interest from all sources2021-12-31$620
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$164,053
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$164,053
Administrative expenses professional fees incurred2021-12-31$5,528
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$383,727
Participant contributions at end of year2021-12-31$2,334
Participant contributions at beginning of year2021-12-31$21,627
Participant contributions at end of year2021-12-31$31,493
Participant contributions at beginning of year2021-12-31$3,306
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$25
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$893,440
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,675,282
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,781,842
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$13,899
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$3,392,411
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,659,444
Interest on participant loans2021-12-31$620
Value of interest in common/collective trusts at end of year2021-12-31$16,338
Value of interest in common/collective trusts at beginning of year2021-12-31$10,824
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$274,533
Net investment gain or loss from common/collective trusts2021-12-31$139
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$232,706
Employer contributions (assets) at end of year2021-12-31$232,706
Employer contributions (assets) at beginning of year2021-12-31$86,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$126,530
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 name2021-12-31THOMAS, HEAD & GREISEN, PC
Accountancy firm EIN2021-12-31920043874

Form 5500 Responses for MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN

2023: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MEDICAL NETWORK OF ALASKA, LLC 401(K) PROFIT SHARING 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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