401k Plan data: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN plan

UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 401k Plan overview

Plan Name	UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN
Plan identification number	001

UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

UNC PHYSICIANS GROUP PRACTICES II, LLC has sponsored the creation of one or more 401k plans.

Company Name: UNC PHYSICIANS GROUP PRACTICES II, LLC

Employer identification number (EIN): 852823886

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-04-01

Plan Statistics for UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN

401k plan membership statisitcs for UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN

Measure Date Value
2023: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 195
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 199
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 108
Total of all active and inactive participants 2023-01-01 307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 307
Number of participants with account balances 2023-01-01 224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 47
2022: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 114
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 163
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 32
Total of all active and inactive participants 2022-01-01 195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 195
Number of participants with account balances 2022-01-01 195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 39
2021: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-04-01 125
Total number of active participants reported on line 7a of the Form 5500 2021-04-01 107
Number of retired or separated participants receiving benefits 2021-04-01 0
Number of other retired or separated participants entitled to future benefits 2021-04-01 7
Total of all active and inactive participants 2021-04-01 114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-04-01 0
Total participants 2021-04-01 114
Number of participants with account balances 2021-04-01 114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-04-01 13

Measure	Date	Value
2023: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	195
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	199
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	108
Total of all active and inactive participants	2023-01-01	307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	307
Number of participants with account balances	2023-01-01	224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	47
2022: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	114
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	163
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	32
Total of all active and inactive participants	2022-01-01	195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	195
Number of participants with account balances	2022-01-01	195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	39
2021: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-04-01	125
Total number of active participants reported on line 7a of the Form 5500	2021-04-01	107
Number of retired or separated participants receiving benefits	2021-04-01	0
Number of other retired or separated participants entitled to future benefits	2021-04-01	7
Total of all active and inactive participants	2021-04-01	114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-04-01	0
Total participants	2021-04-01	114
Number of participants with account balances	2021-04-01	114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-04-01	13

Financial Data on UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN

Measure	Date	Value
2023 : UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)	2023-12-31	$5,758,659
Total of all expenses incurred	2023-12-31	$3,870,540
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$3,848,708
Expenses. Certain deemed distributions of participant loans	2023-12-31	$9,823
Value of total corrective distributions	2023-12-31	$968
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$4,086,028
Value of total assets at end of year	2023-12-31	$10,898,054
Value of total assets at beginning of year	2023-12-31	$9,009,935
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$11,041
Total interest from all sources	2023-12-31	$2,515
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$203,762
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$203,762
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,114,077
Participant contributions at end of year	2023-12-31	$64,686
Participant contributions at beginning of year	2023-12-31	$4,100
Assets. Other investments not covered elsewhere at end of year	2023-12-31	$2,181,238
Assets. Other investments not covered elsewhere at beginning of year	2023-12-31	$191,089
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$2,434,448
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$91
Other income not declared elsewhere	2023-12-31	$193,687
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$1,888,119
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$10,898,054
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$9,009,935
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$8,652,130
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$8,814,655
Interest on participant loans	2023-12-31	$2,515
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,272,667
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$537,503
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$3,848,708
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2023-12-31	No
Did the plan have assets held for investment	2023-12-31	Yes
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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	BDO USA, LLP
Accountancy firm EIN	2023-12-31	135381590
2022 : UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$6,752,140
Total of all expenses incurred	2022-12-31	$143,197
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$133,122
Expenses. Certain deemed distributions of participant loans	2022-12-31	$1,037
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$7,663,379
Value of total assets at end of year	2022-12-31	$9,009,935
Value of total assets at beginning of year	2022-12-31	$2,400,992
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$9,038
Total interest from all sources	2022-12-31	$115
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$174,195
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$174,195
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,100,812
Participant contributions at end of year	2022-12-31	$4,100
Participant contributions at beginning of year	2022-12-31	$1,013
Assets. Other investments not covered elsewhere at end of year	2022-12-31	$191,089
Assets. Other investments not covered elsewhere at beginning of year	2022-12-31	$10,107
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$5,723,027
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$91
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Other income not declared elsewhere	2022-12-31	$-915
Administrative expenses (other) incurred	2022-12-31	$9,038
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$6,608,943
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$9,009,935
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$2,400,992
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$8,814,655
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$2,389,872
Interest on participant loans	2022-12-31	$115
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,084,634
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$839,540
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$133,122
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	No
Did the plan have assets held for investment	2022-12-31	Yes
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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BDO USA, LLP
Accountancy firm EIN	2022-12-31	135381590
2021 : UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$2,458,915
Total of all expenses incurred	2021-12-31	$57,923
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$31,763
Value of total corrective distributions	2021-12-31	$21,986
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$2,370,612
Value of total assets at end of year	2021-12-31	$2,400,992
Value of total assets at beginning of year	2021-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$4,174
Total interest from all sources	2021-12-31	$262
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$41,156
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$41,156
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$527,080
Participant contributions at end of year	2021-12-31	$1,013
Participant contributions at beginning of year	2021-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$10,107
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$1,469,444
Other income not declared elsewhere	2021-12-31	$-16
Administrative expenses (other) incurred	2021-12-31	$4,174
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$2,400,992
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$2,400,992
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$2,389,872
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$0
Interest on participant loans	2021-12-31	$262
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$46,901
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$374,088
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$31,763
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2021-12-31	No
Did the plan have assets held for investment	2021-12-31	Yes
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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BDO USA, LLP
Accountancy firm EIN	2021-12-31	135381590

Form 5500 Responses for UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN

2023: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: UNC PHYSICIANS GROUP PRACTICES II, LLC 401(K) PLAN 2021 form 5500 responses
2021-04-01	Type of plan entity	Single employer plan
2021-04-01	First time form 5500 has been submitted	Yes
2021-04-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2021-04-01	Plan funding arrangement – Trust	Yes
2021-04-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )

Policy contract number

QK63183

Policy instance

Insurance contract or identification number	QK63183
Number of Individuals Covered	224
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )

Policy contract number

QK63183

Policy instance

Insurance contract or identification number	QK63183
Number of Individuals Covered	195
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )

Policy contract number

QK63183

Policy instance

Insurance contract or identification number	QK63183
Number of Individuals Covered	114
Insurance policy start date	2021-04-01
Insurance policy end date	2021-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	UNC PHYSICIANS GROUP PRACTICES II, LLC
Employer identification number (EIN):	852823886
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)