401k Plan data: HEART CLINIC PROFIT SHARING PLAN plan

HEART CLINIC PROFIT SHARING PLAN 401k Plan overview

Plan Name	HEART CLINIC PROFIT SHARING PLAN
Plan identification number	001

HEART CLINIC PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MCALLEN HEART CLINIC has sponsored the creation of one or more 401k plans.

Company Name: MCALLEN HEART CLINIC

Employer identification number (EIN): 742793592

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HEART CLINIC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 KEVIN MINOR
001 2012-01-01 KEVIN MINOR 2013-07-28
001 2011-01-01 KEVIN MINOR 2012-07-27
001 2010-01-01 KEVIN MINOR 2011-10-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2013-01-01	KEVIN MINOR
001	2012-01-01	KEVIN MINOR	2013-07-28
001	2011-01-01	KEVIN MINOR	2012-07-27
001	2010-01-01	KEVIN MINOR	2011-10-11

Plan Statistics for HEART CLINIC PROFIT SHARING PLAN

401k plan membership statisitcs for HEART CLINIC PROFIT SHARING PLAN

Measure Date Value
2013: HEART CLINIC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 182
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2013: HEART CLINIC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	182
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on HEART CLINIC PROFIT SHARING PLAN

Measure	Date	Value
2013 : HEART CLINIC PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-06-30	$0
Total transfer of assets from this plan	2013-06-30	$1,599,891
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-06-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-06-30	$0
Total income from all sources (including contributions)	2013-06-30	$44,538
Total loss/gain on sale of assets	2013-06-30	$155,972
Total of all expenses incurred	2013-06-30	$94,839
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-06-30	$81,532
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-06-30	$0
Value of total assets at end of year	2013-06-30	$0
Value of total assets at beginning of year	2013-06-30	$1,650,192
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-06-30	$13,307
Total interest from all sources	2013-06-30	$2,002
Total dividends received (eg from common stock, registered investment company shares)	2013-06-30	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-06-30	No
Was this plan covered by a fidelity bond	2013-06-30	Yes
Value of fidelity bond cover	2013-06-30	$250,000
If this is an individual account plan, was there a blackout period	2013-06-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-06-30	$0
Were there any nonexempt tranactions with any party-in-interest	2013-06-30	No
Participant contributions at end of year	2013-06-30	$0
Participant contributions at beginning of year	2013-06-30	$13,993
Administrative expenses (other) incurred	2013-06-30	$238
Total non interest bearing cash at end of year	2013-06-30	$0
Total non interest bearing cash at beginning of year	2013-06-30	$4,603
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-06-30	No
Value of net income/loss	2013-06-30	$-50,301
Value of net assets at end of year (total assets less liabilities)	2013-06-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-06-30	$1,650,192
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-06-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-06-30	No
Were any leases to which the plan was party in default or uncollectible	2013-06-30	No
Investment advisory and management fees	2013-06-30	$7,037
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-06-30	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-06-30	$915,441
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-06-30	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-06-30	$716,155
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-06-30	$716,155
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-06-30	$2,002
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-06-30	$-113,436
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-06-30	No
Was there a failure to transmit to the plan any participant contributions	2013-06-30	No
Has the plan failed to provide any benefit when due under the plan	2013-06-30	No
Employer contributions (assets) at end of year	2013-06-30	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-06-30	$81,532
Contract administrator fees	2013-06-30	$6,032
Did the plan have assets held for investment	2013-06-30	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-06-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-06-30	Yes
Aggregate proceeds on sale of assets	2013-06-30	$1,985,972
Aggregate carrying amount (costs) on sale of assets	2013-06-30	$1,830,000
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-06-30	Yes
Opinion of an independent qualified public accountant for this plan	2013-06-30	Disclaimer
Accountancy firm name	2013-06-30	KEITER
Accountancy firm EIN	2013-06-30	541631262

Form 5500 Responses for HEART CLINIC PROFIT SHARING PLAN

2013: HEART CLINIC PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MCALLEN HEART CLINIC
Employer identification number (EIN):	742793592
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)