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MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MEDICAL ARTS ASSOCIATES, LTD. 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
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

MEDICAL ARTS ASSOCIATES, LTD. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL ARTS ASSOCIATES, LTD.
Employer identification number (EIN):362689597
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CATHY LEVSEN2024-06-11
0012022-01-01CATHY LEVSEN2023-05-31
0012021-01-01TRISTA WAGNER2022-06-28
0012020-01-01
0012019-01-01GARY HAGENER2020-10-01
0012018-01-01CHRISTINE IVEY2019-10-14
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01GARY HAGENER2013-10-10
0012011-01-01ALEXANDER J PAREIGIS2012-07-17
0012010-01-01KEVIN HILMER2011-08-25

Plan Statistics for MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019: MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01118
Total number of active participants reported on line 7a of the Form 55002019-01-0174
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0120
Total of all active and inactive participants2019-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0196
Number of participants with account balances2019-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01126
Total number of active participants reported on line 7a of the Form 55002018-01-0192
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-0119
Total of all active and inactive participants2018-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01114
Number of participants with account balances2018-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019 : MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
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$3,939,381
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,487,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,425,872
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,257,392
Value of total assets at end of year2019-12-31$24,211,710
Value of total assets at beginning of year2019-12-31$23,759,456
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$61,255
Total interest from all sources2019-12-31$6,255
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$545,014
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$545,014
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$479,713
Participant contributions at end of year2019-12-31$102,806
Participant contributions at beginning of year2019-12-31$182,340
Assets. Other investments not covered elsewhere at end of year2019-12-31$136,723
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$2,348,457
Other income not declared elsewhere2019-12-31$-1,081,218
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$452,254
Value of net assets at end of year (total assets less liabilities)2019-12-31$24,211,710
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$23,759,456
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$43,480
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,132,029
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$16,863,842
Interest on participant loans2019-12-31$6,255
Value of interest in common/collective trusts at end of year2019-12-31$4,840,152
Value of interest in common/collective trusts at beginning of year2019-12-31$4,364,817
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,109,756
Net investment gain or loss from common/collective trusts2019-12-31$102,182
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$777,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,425,872
Contract administrator fees2019-12-31$17,775
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 name2019-12-31JMM CPA
Accountancy firm EIN2019-12-31472940358
2018 : MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning 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$40,072
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,398,294
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,342,743
Expenses. Certain deemed distributions of participant loans2018-12-31$3,089
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,320,238
Value of total assets at end of year2018-12-31$23,759,456
Value of total assets at beginning of year2018-12-31$26,117,678
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$52,462
Total interest from all sources2018-12-31$9,063
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$586,445
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$586,445
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
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$557,961
Participant contributions at end of year2018-12-31$182,340
Participant contributions at beginning of year2018-12-31$211,846
Assets. Other investments not covered elsewhere at end of year2018-12-31$2,348,457
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$2,404,608
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$45,193
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-2,358,222
Value of net assets at end of year (total assets less liabilities)2018-12-31$23,759,456
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$26,117,678
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$48,762
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$16,863,842
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$17,274,448
Interest on participant loans2018-12-31$9,063
Value of interest in common/collective trusts at end of year2018-12-31$4,364,817
Value of interest in common/collective trusts at beginning of year2018-12-31$6,226,776
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,979,131
Net investment gain or loss from common/collective trusts2018-12-31$103,457
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$717,084
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,342,743
Contract administrator fees2018-12-31$3,700
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 name2018-12-31JMM CPA
Accountancy firm EIN2018-12-31472940358

Form 5500 Responses for MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

2019: MEDICAL ARTS ASSOCIATES, LTD. 401(K) 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
2018: MEDICAL ARTS ASSOCIATES, LTD. 401(K) PROFIT SHARING 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 – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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