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THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. 401k Plan overview

Plan NameTHE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.
Plan identification number 001

THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.
Employer identification number (EIN):810774692
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-12-04FRANK MARTIN FRANK MARTIN2017-07-31

Plan Statistics for THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.

401k plan membership statisitcs for THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.

Measure Date Value
2015: THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. 2015 401k membership
Total participants, beginning-of-year2015-12-042
Total number of active participants reported on line 7a of the Form 55002015-12-042
Number of retired or separated participants receiving benefits2015-12-040
Number of other retired or separated participants entitled to future benefits2015-12-040
Total of all active and inactive participants2015-12-042
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-12-040
Total participants2015-12-042
Number of participants with account balances2015-12-041
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-12-040

Financial Data on THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.

Measure Date Value
2016 : THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. 2016 401k financial data
Total income from all sources2016-09-30$205,863
Expenses. Total of all expenses incurred2016-09-30$15
Total plan assets at end of year2016-09-30$205,848
Value of fidelity bond covering the plan2016-09-30$25,000
Expenses. Other expenses not covered elsewhere2016-09-30$15
Contributions received from other sources (not participants or employers)2016-09-30$205,822
Other income received2016-09-30$41
Net income (gross income less expenses)2016-09-30$205,848
Net plan assets at end of year (total assets less liabilities)2016-09-30$205,848
Assets. Value of employer securities2016-09-30$80,176

Form 5500 Responses for THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC.

2015: THE SOUTHERN MEDICAL CONSULTANTS GROUP, INC. 2015 form 5500 responses
2015-12-04Type of plan entitySingle employer plan
2015-12-04First time form 5500 has been submittedYes
2015-12-04Submission has been amendedNo
2015-12-04This submission is the final filingNo
2015-12-04This return/report is a short plan year return/report (less than 12 months)Yes
2015-12-04Plan is a collectively bargained planNo
2015-12-04Plan funding arrangement – TrustYes
2015-12-04Plan benefit arrangement - TrustYes

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