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CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 401k Plan overview

Plan NameCENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL
Plan identification number 001

CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.

401k Sponsoring company profile

CENTRAL GEORGIA HEART CENTER, PC has sponsored the creation of one or more 401k plans.

Company Name:CENTRAL GEORGIA HEART CENTER, PC
Employer identification number (EIN):581581693
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL

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
0012020-01-01ZOE JONES2021-09-14
0012019-01-01ZOE JONES2020-10-01
0012018-01-01ZOE JONES2019-09-18
0012017-07-01ZOE JONES2018-10-08
0012016-07-01ZOE JONES2018-04-11
0012015-07-01ZOE JONES2017-03-30
0012014-07-01MARK DOROGY2015-10-29
0012013-07-01MARK DOROGY2014-11-13
0012012-07-01MARK DOROGY2013-08-21
0012011-07-01MARK DOROGY2013-06-24
0012010-07-01MARK DOROGY2011-11-17

Plan Statistics for CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL

401k plan membership statisitcs for CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL

Measure Date Value
2023: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 2023 401k membership
Total participants, beginning-of-year2023-01-01155
Total number of active participants reported on line 7a of the Form 55002023-01-01124
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0138
Total of all active and inactive participants2023-01-01162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01162
Number of participants with account balances2023-01-01161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 2022 401k membership
Total participants, beginning-of-year2022-01-01135
Total number of active participants reported on line 7a of the Form 55002022-01-01109
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-0131
Total of all active and inactive participants2022-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01143
Number of participants with account balances2022-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 2021 401k membership
Total participants, beginning-of-year2021-01-01124
Total number of active participants reported on line 7a of the Form 55002021-01-01102
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0123
Total of all active and inactive participants2021-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01125
Number of participants with account balances2021-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL

Measure Date Value
2023 : CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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$2,458,246
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$941,212
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$859,464
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,168,476
Value of total assets at end of year2023-12-31$8,964,328
Value of total assets at beginning of year2023-12-31$7,447,294
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$81,748
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
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$448,506
Participant contributions at end of year2023-12-31$46,917
Participant contributions at beginning of year2023-12-31$2,158
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$0
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$96
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$1,517,034
Value of net assets at end of year (total assets less liabilities)2023-12-31$8,964,328
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$7,447,294
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$3,816,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,647,153
Value of interest in pooled separate accounts at end of year2023-12-31$4,553,228
Value of interest in pooled separate accounts at beginning of year2023-12-31$3,360,360
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$635,537
Net investment gain/loss from pooled separate accounts2023-12-31$654,233
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$719,970
Employer contributions (assets) at end of year2023-12-31$547,383
Employer contributions (assets) at beginning of year2023-12-31$437,527
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$859,464
Contract administrator fees2023-12-31$81,748
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
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CLH CPAS, LLC.
Accountancy firm EIN2023-12-31843967180
2022 : CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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$0
Total income from all sources (including contributions)2022-12-31$-166,888
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$611,577
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$531,705
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,039,591
Value of total assets at end of year2022-12-31$7,447,294
Value of total assets at beginning of year2022-12-31$8,225,759
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$79,872
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
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$392,166
Participant contributions at end of year2022-12-31$2,158
Participant contributions at beginning of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$96
Total non interest bearing cash at beginning of year2022-12-31$96
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-778,465
Value of net assets at end of year (total assets less liabilities)2022-12-31$7,447,294
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$8,225,759
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,647,153
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,409,895
Value of interest in pooled separate accounts at end of year2022-12-31$3,360,360
Value of interest in pooled separate accounts at beginning of year2022-12-31$3,504,094
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-607,469
Net investment gain/loss from pooled separate accounts2022-12-31$-599,010
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$647,425
Employer contributions (assets) at end of year2022-12-31$437,527
Employer contributions (assets) at beginning of year2022-12-31$311,674
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$531,705
Contract administrator fees2022-12-31$79,872
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
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLH CPAS, LLC.
Accountancy firm EIN2022-12-31843967180
2021 : CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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$1,909,949
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$233,220
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$150,037
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$934,015
Value of total assets at end of year2021-12-31$8,225,759
Value of total assets at beginning of year2021-12-31$6,549,030
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$83,183
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
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$357,841
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$96
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,676,729
Value of net assets at end of year (total assets less liabilities)2021-12-31$8,225,759
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,549,030
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$83,183
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,409,895
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,460,213
Value of interest in pooled separate accounts at end of year2021-12-31$3,504,094
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,704,502
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$565,037
Net investment gain/loss from pooled separate accounts2021-12-31$410,897
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$576,174
Employer contributions (assets) at end of year2021-12-31$311,674
Employer contributions (assets) at beginning of year2021-12-31$384,315
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$150,037
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 name2021-12-31CLH CPAS, LLC.
Accountancy firm EIN2021-12-31843967180

Form 5500 Responses for CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL

2023: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CENTRAL GEORGIA HEART CENTER, PC PROFIT SHARING PL 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan 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 number121919
Policy instance 1
Insurance contract or identification number121919
Number of Individuals Covered177
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $1,923
Total amount of fees paid to insurance companyUSD $246
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number121919
Policy instance 1
Insurance contract or identification number121919
Number of Individuals Covered145
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,780
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees1780
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number121919
Policy instance 1
Insurance contract or identification number121919
Number of Individuals Covered139
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,763
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees1763
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5

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