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CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan NameCARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN
Plan identification number 001

CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES 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).
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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

CARDIOLOGY ASSOCIATES, P.C. has sponsored the creation of one or more 401k plans.

Company Name:CARDIOLOGY ASSOCIATES, P.C.
Employer identification number (EIN):521162764
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-10-01JOEL ROSENBERG, M.D.2014-07-10
0012011-10-01JOEL ROSENBERG, M.D.2013-07-15
0012010-10-01STUART F. SEIDES, M.D.
0012009-10-01STUART F. SEIDES, M.D.

Plan Statistics for CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN

401k plan membership statisitcs for CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2010: CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-10-01157
Total number of active participants reported on line 7a of the Form 55002010-10-0141
Number of retired or separated participants receiving benefits2010-10-013
Number of other retired or separated participants entitled to future benefits2010-10-0116
Total of all active and inactive participants2010-10-0160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-10-010
Total participants2010-10-0160
Number of participants with account balances2010-10-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-10-010
2009: CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-10-01145
Total number of active participants reported on line 7a of the Form 55002009-10-01120
Number of retired or separated participants receiving benefits2009-10-014
Number of other retired or separated participants entitled to future benefits2009-10-0133
Total of all active and inactive participants2009-10-01157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-01157
Number of participants with account balances2009-10-01157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-010

Financial Data on CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2011 : CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-09-30$49,028
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-09-30$0
Total income from all sources (including contributions)2011-09-30$-1,430,919
Total loss/gain on sale of assets2011-09-30$0
Total of all expenses incurred2011-09-30$21,852,699
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-09-30$21,792,784
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-09-30$0
Value of total assets at end of year2011-09-30$1,336,028
Value of total assets at beginning of year2011-09-30$24,570,618
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-09-30$59,915
Total interest from all sources2011-09-30$160,210
Total dividends received (eg from common stock, registered investment company shares)2011-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-09-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-09-30$0
Administrative expenses professional fees incurred2011-09-30$40,922
Was this plan covered by a fidelity bond2011-09-30Yes
Value of fidelity bond cover2011-09-30$500,000
If this is an individual account plan, was there a blackout period2011-09-30No
Were there any nonexempt tranactions with any party-in-interest2011-09-30No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-09-30$34,410
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-09-30No
Value of net income/loss2011-09-30$-23,283,618
Value of net assets at end of year (total assets less liabilities)2011-09-30$1,287,000
Value of net assets at beginning of year (total assets less liabilities)2011-09-30$24,570,618
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-09-30No
Were any leases to which the plan was party in default or uncollectible2011-09-30No
Investment advisory and management fees2011-09-30$18,993
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-09-30$1,336,028
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-09-30$23,769,437
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-09-30$160,210
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-09-30$-1,591,129
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-09-30No
Was there a failure to transmit to the plan any participant contributions2011-09-30No
Has the plan failed to provide any benefit when due under the plan2011-09-30No
Employer contributions (assets) at end of year2011-09-30$0
Employer contributions (assets) at beginning of year2011-09-30$801,181
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-09-30$21,792,784
Liabilities. Value of benefit claims payable at end of year2011-09-30$14,618
Did the plan have assets held for investment2011-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-09-30No
Opinion of an independent qualified public accountant for this plan2011-09-30Unqualified
Accountancy firm name2011-09-30KUSHNER LAGRAIZE, LLC
Accountancy firm EIN2011-09-30721042866

Form 5500 Responses for CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN

2010: CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 2010 form 5500 responses
2010-10-01Type of plan entitySingle employer plan
2010-10-01Submission has been amendedNo
2010-10-01This submission is the final filingNo
2010-10-01This return/report is a short plan year return/report (less than 12 months)No
2010-10-01Plan is a collectively bargained planNo
2010-10-01Plan funding arrangement – TrustYes
2010-10-01Plan benefit arrangement - TrustYes
2009: CARDIOLOGY ASSOCIATES, P.C. EMPLOYEES PROFIT SHARING PLAN 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Submission has been amendedNo
2009-10-01This submission is the final filingNo
2009-10-01This return/report is a short plan year return/report (less than 12 months)No
2009-10-01Plan is a collectively bargained planNo
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement - TrustYes

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