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RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 401k Plan overview

Plan NameRICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN
Plan identification number 001

RICHARD D. ADELMAN, M.D., 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.
  • 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

RICHARD D. ADELMAN has sponsored the creation of one or more 401k plans.

Company Name:RICHARD D. ADELMAN
Employer identification number (EIN):561560351
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MELONY LUNSFORD
0012016-01-01RICHARD D. ADELMAN, M.D.2017-06-19
0012015-01-01RICHARD D. ADELMAN, M.D.2016-05-23
0012014-01-01RICHARD D. ADELMAN, M.D.2015-06-03
0012013-01-01RICHARD D. ADELMAN, M.D.2014-04-17
0012012-01-01RICHARD D. ADELMAN, M.D.2013-03-29
0012011-01-01RICHARD D. ADELMAN, M.D.2012-04-16
0012010-01-01RICHARD D. ADELMAN, M.D.2011-06-29

Plan Statistics for RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN

401k plan membership statisitcs for RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN

Measure Date Value
2023: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0113
Total number of active participants reported on line 7a of the Form 55002023-01-0110
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-013
Total of all active and inactive participants2023-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0113
Number of participants with account balances2023-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0114
Total number of active participants reported on line 7a of the Form 55002022-01-0110
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-013
Total of all active and inactive participants2022-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0113
Number of participants with account balances2022-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0111
Total number of active participants reported on line 7a of the Form 55002021-01-0111
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-013
Total of all active and inactive participants2021-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0114
Number of participants with account balances2021-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0111
Total number of active participants reported on line 7a of the Form 55002020-01-018
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0111
Number of participants with account balances2020-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0111
Total number of active participants reported on line 7a of the Form 55002019-01-019
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0111
Number of participants with account balances2019-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0113
Total number of active participants reported on line 7a of the Form 55002018-01-019
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0111
Number of participants with account balances2018-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0112
Total number of active participants reported on line 7a of the Form 55002017-01-019
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0113
Number of participants with account balances2017-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN

Measure Date Value
2023 : RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$318,876
Expenses. Total of all expenses incurred2023-12-31$3,772
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$1,242,860
Total plan assets at beginning of year2023-12-31$927,756
Value of fidelity bond covering the plan2023-12-31$150,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$0
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$243,808
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$315,104
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,242,860
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$927,756
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$75,068
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$3,772
2022 : RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-230,879
Expenses. Total of all expenses incurred2022-12-31$14,628
Benefits paid (including direct rollovers)2022-12-31$11,283
Total plan assets at end of year2022-12-31$927,756
Total plan assets at beginning of year2022-12-31$1,173,263
Value of fidelity bond covering the plan2022-12-31$150,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$0
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-303,608
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-245,507
Net plan assets at end of year (total assets less liabilities)2022-12-31$927,756
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,173,263
Assets. Value of participant loans2022-12-31$0
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$72,729
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$3,345
2021 : RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$230,709
Expenses. Total of all expenses incurred2021-12-31$3,346
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$1,173,263
Total plan assets at beginning of year2021-12-31$945,900
Value of fidelity bond covering the plan2021-12-31$150,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$0
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$166,253
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$227,363
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,173,263
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$945,900
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$64,456
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$3,346
2020 : RICHARD D. ADELMAN, M.D., 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$290,851
Expenses. Total of all expenses incurred2020-12-31$2,244
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$945,900
Total plan assets at beginning of year2020-12-31$657,293
Value of fidelity bond covering the plan2020-12-31$150,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$0
Assets. Value of loans (other than to participants)2020-12-31$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$226,803
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$288,607
Net plan assets at end of year (total assets less liabilities)2020-12-31$945,900
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$657,293
Assets. Value of participant loans2020-12-31$0
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$64,048
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$2,244
2019 : RICHARD D. ADELMAN, M.D., 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$357,598
Expenses. Total of all expenses incurred2019-12-31$1,004,657
Benefits paid (including direct rollovers)2019-12-31$1,000,000
Total plan assets at end of year2019-12-31$657,293
Total plan assets at beginning of year2019-12-31$1,304,352
Value of fidelity bond covering the plan2019-12-31$150,000
Total contributions received or receivable from participants2019-12-31$0
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$292,609
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-647,059
Net plan assets at end of year (total assets less liabilities)2019-12-31$657,293
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,304,352
Total contributions received or receivable from employer(s)2019-12-31$64,989
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$4,657
2018 : RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-130,727
Expenses. Total of all expenses incurred2018-12-31$84,587
Benefits paid (including direct rollovers)2018-12-31$80,157
Total plan assets at end of year2018-12-31$1,304,352
Total plan assets at beginning of year2018-12-31$1,519,666
Value of fidelity bond covering the plan2018-12-31$150,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-130,727
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-215,314
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,304,352
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,519,666
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,430
2017 : RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$265,520
Expenses. Total of all expenses incurred2017-12-31$23,169
Benefits paid (including direct rollovers)2017-12-31$10,000
Total plan assets at end of year2017-12-31$1,519,666
Total plan assets at beginning of year2017-12-31$1,277,315
Value of fidelity bond covering the plan2017-12-31$150,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$204,320
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$242,351
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,519,666
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,277,315
Total contributions received or receivable from employer(s)2017-12-31$61,200
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$13,169

Form 5500 Responses for RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN

2023: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: RICHARD D. ADELMAN, M.D., 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: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: RICHARD D. ADELMAN, M.D., 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: RICHARD D. ADELMAN, M.D., 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
2017: RICHARD D. ADELMAN, M.D., PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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