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SOUTHWEST MEDICAL CENTER 401 (K) PLAN 401k Plan overview

Plan NameSOUTHWEST MEDICAL CENTER 401 (K) PLAN
Plan identification number 001

SOUTHWEST MEDICAL CENTER 401 (K) 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.
  • 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

MIDWEST MEDICAL ASSOCIATES D/B/A SOUTHWEST MEDICAL CENTER, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST MEDICAL ASSOCIATES D/B/A SOUTHWEST MEDICAL CENTER, INC.
Employer identification number (EIN):431907608
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHWEST MEDICAL CENTER 401 (K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01STEVEN PISONI2014-05-12
0012012-01-01STEVEN PISONI
0012011-01-01STEVEN PISONI
0012009-01-01STEVEN PISONI

Plan Statistics for SOUTHWEST MEDICAL CENTER 401 (K) PLAN

401k plan membership statisitcs for SOUTHWEST MEDICAL CENTER 401 (K) PLAN

Measure Date Value
2012: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01117
Total number of active participants reported on line 7a of the Form 55002012-01-0114
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0176
Total of all active and inactive participants2012-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0190
Number of participants with account balances2012-01-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01130
Total number of active participants reported on line 7a of the Form 55002011-01-0173
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0144
Total of all active and inactive participants2011-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01117
Number of participants with account balances2011-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01178
Total number of active participants reported on line 7a of the Form 55002009-01-0197
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0154
Total of all active and inactive participants2009-01-01151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01151
Number of participants with account balances2009-01-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTHWEST MEDICAL CENTER 401 (K) PLAN

Measure Date Value
2012 : SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$2,165,221
Total of all expenses incurred2012-12-31$3,273,006
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,266,162
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$753,436
Value of total assets at end of year2012-12-31$10,753,766
Value of total assets at beginning of year2012-12-31$11,861,551
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$6,844
Total interest from all sources2012-12-31$2,276
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$6,844
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$69,161
Participant contributions at end of year2012-12-31$27,717
Participant contributions at beginning of year2012-12-31$55,776
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$-400
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$1,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-1,107,785
Value of net assets at end of year (total assets less liabilities)2012-12-31$10,753,766
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$11,861,551
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$253,841
Value of interest in pooled separate accounts at end of year2012-12-31$9,460,686
Value of interest in pooled separate accounts at beginning of year2012-12-31$11,223,317
Income. Interest from loans (other than to participants)2012-12-31$3,413
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$338,124
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$-1,137
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$59,692
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$7,948
Net investment gain/loss from pooled separate accounts2012-12-31$1,401,561
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$684,275
Employer contributions (assets) at end of year2012-12-31$673,398
Employer contributions (assets) at beginning of year2012-12-31$521,248
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,266,162
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BKD, LLP
Accountancy firm EIN2012-12-31440160260
2011 : SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2011 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$491,792
Total of all expenses incurred2011-12-31$996,318
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$994,016
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$953,578
Value of total assets at end of year2011-12-31$11,861,551
Value of total assets at beginning of year2011-12-31$12,366,077
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,302
Total interest from all sources2011-12-31$2,431
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$418,461
Participant contributions at end of year2011-12-31$55,776
Participant contributions at beginning of year2011-12-31$59,992
Participant contributions at end of year2011-12-31$-400
Participant contributions at beginning of year2011-12-31$-400
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$13,869
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$1,918
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$1,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-504,526
Value of net assets at end of year (total assets less liabilities)2011-12-31$11,861,551
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$12,366,077
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at end of year2011-12-31$11,223,317
Value of interest in pooled separate accounts at beginning of year2011-12-31$11,598,481
Income. Interest from loans (other than to participants)2011-12-31$4,401
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$-1,970
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$59,692
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$65,591
Net investment gain/loss from pooled separate accounts2011-12-31$-464,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$521,248
Employer contributions (assets) at end of year2011-12-31$521,248
Employer contributions (assets) at beginning of year2011-12-31$640,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$994,016
Contract administrator fees2011-12-31$2,302
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BKD, LLP
Accountancy firm EIN2011-12-31440160260
2010 : SOUTHWEST MEDICAL CENTER 401 (K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,579,636
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$327,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$324,676
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,117,124
Value of total assets at end of year2010-12-31$12,366,077
Value of total assets at beginning of year2010-12-31$10,113,789
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,672
Total interest from all sources2010-12-31$3,807
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$478,415
Participant contributions at end of year2010-12-31$59,992
Participant contributions at beginning of year2010-12-31$58,455
Participant contributions at end of year2010-12-31$-400
Participant contributions at beginning of year2010-12-31$-400
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$898
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$1,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$2,252,288
Value of net assets at end of year (total assets less liabilities)2010-12-31$12,366,077
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$10,113,789
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$11,598,481
Value of interest in pooled separate accounts at beginning of year2010-12-31$9,265,217
Income. Interest from loans (other than to participants)2010-12-31$4,883
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,686
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,686
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$-1,076
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$65,591
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$57,085
Net investment gain/loss from pooled separate accounts2010-12-31$1,458,705
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$637,811
Employer contributions (assets) at end of year2010-12-31$640,495
Employer contributions (assets) at beginning of year2010-12-31$730,746
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$324,676
Contract administrator fees2010-12-31$2,672
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31BKD, LLP
Accountancy firm EIN2010-12-31440160260

Form 5500 Responses for SOUTHWEST MEDICAL CENTER 401 (K) PLAN

2012: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 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: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 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
2009: SOUTHWEST MEDICAL CENTER 401 (K) PLAN 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

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number82965
Policy instance 1
Insurance contract or identification number82965
Number of Individuals Covered143
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $27,020
Total amount of fees paid to insurance companyUSD $7,934
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number82965
Policy instance 1
Insurance contract or identification number82965
Number of Individuals Covered156
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $25,210
Total amount of fees paid to insurance companyUSD $7,257
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes

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