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MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 401k Plan overview

Plan NameMAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN
Plan identification number 002

MAGIC VALLEY SURGERY CLINIC, P.A. 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
  • 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

MAGIC VALLEY SURGERY CLINIC, P.A. has sponsored the creation of one or more 401k plans.

Company Name:MAGIC VALLEY SURGERY CLINIC, P.A.
Employer identification number (EIN):820454061
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01STEPHEN SCHMID, MD
0022015-01-01STEPHEN SCHMID, MD
0022014-01-01STEPHEN SCHMID, MD
0022013-01-01STEPHEN SCHMID, MD
0022012-01-01STEPHEN SCHMID, MD
0022011-01-01STEPHEN SCHMID, MD
0022009-01-01STEPHEN SCHMID, M.D. STEPHEN SCHMID, M.D.2010-08-23

Plan Statistics for MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN

401k plan membership statisitcs for MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN

Measure Date Value
2016: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-012
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-012
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total number of active participants reported on line 7a of the Form 55002014-01-013
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-013
Number of participants with account balances2014-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-012
Total number of active participants reported on line 7a of the Form 55002013-01-013
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013
Number of participants with account balances2013-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014
Total number of active participants reported on line 7a of the Form 55002012-01-012
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-012
Number of participants with account balances2012-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014
Total number of active participants reported on line 7a of the Form 55002011-01-012
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-014
Number of participants with account balances2011-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-014
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-014
Number of participants with account balances2009-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN

Measure Date Value
2016 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-05-31$0
Total plan liabilities at end of year2016-05-31$0
Total plan liabilities at beginning of year2016-05-31$0
Total income from all sources2016-05-31$23,317
Expenses. Total of all expenses incurred2016-05-31$879,786
Benefits paid (including direct rollovers)2016-05-31$879,383
Total plan assets at end of year2016-05-31$0
Total plan assets at beginning of year2016-05-31$856,469
Value of fidelity bond covering the plan2016-05-31$100,000
Total contributions received or receivable from participants2016-05-31$0
Expenses. Other expenses not covered elsewhere2016-05-31$0
Contributions received from other sources (not participants or employers)2016-05-31$0
Other income received2016-05-31$23,317
Noncash contributions received2016-05-31$0
Net income (gross income less expenses)2016-05-31$-856,469
Net plan assets at end of year (total assets less liabilities)2016-05-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-05-31$856,469
Total contributions received or receivable from employer(s)2016-05-31$0
Value of certain deemed distributions of participant loans2016-05-31$0
Value of corrective distributions2016-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-05-31$403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-05-31$0
2015 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$13,301
Expenses. Total of all expenses incurred2015-12-31$79,438
Benefits paid (including direct rollovers)2015-12-31$72,322
Total plan assets at end of year2015-12-31$856,469
Total plan assets at beginning of year2015-12-31$922,606
Value of fidelity bond covering the plan2015-12-31$100,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-6,699
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-66,137
Net plan assets at end of year (total assets less liabilities)2015-12-31$856,469
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$922,606
Total contributions received or receivable from employer(s)2015-12-31$20,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$7,116
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$77,259
Expenses. Total of all expenses incurred2014-12-31$3,431
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$922,606
Total plan assets at beginning of year2014-12-31$848,778
Value of fidelity bond covering the plan2014-12-31$100,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$41,259
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$73,828
Net plan assets at end of year (total assets less liabilities)2014-12-31$922,606
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$848,778
Total contributions received or receivable from employer(s)2014-12-31$36,000
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$3,431
2013 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$125,836
Expenses. Total of all expenses incurred2013-12-31$9,728
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$848,778
Total plan assets at beginning of year2013-12-31$732,670
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$89,836
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$116,108
Net plan assets at end of year (total assets less liabilities)2013-12-31$848,778
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$732,670
Total contributions received or receivable from employer(s)2013-12-31$36,000
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$9,728
2012 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$158,175
Expenses. Total of all expenses incurred2012-12-31$26,131
Benefits paid (including direct rollovers)2012-12-31$21,766
Total plan assets at end of year2012-12-31$732,670
Total plan assets at beginning of year2012-12-31$600,626
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$128,175
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$132,044
Net plan assets at end of year (total assets less liabilities)2012-12-31$732,670
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$600,626
Total contributions received or receivable from employer(s)2012-12-31$30,000
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$4,365
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$-7,364
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$600,626
Total plan assets at beginning of year2011-12-31$607,990
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-43,364
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-7,364
Net plan assets at end of year (total assets less liabilities)2011-12-31$600,626
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$607,990
Total contributions received or receivable from employer(s)2011-12-31$36,000
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$103,902
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$607,990
Total plan assets at beginning of year2010-12-31$504,088
Value of fidelity bond covering the plan2010-12-31$80,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$56,402
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$103,902
Net plan assets at end of year (total assets less liabilities)2010-12-31$607,990
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$504,088
Total contributions received or receivable from employer(s)2010-12-31$47,500
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN

2016: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: MAGIC VALLEY SURGERY CLINIC, P.A. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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