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S & B SURGERY CENTER 401 (K) PLAN 401k Plan overview

Plan NameS & B SURGERY CENTER 401 (K) PLAN
Plan identification number 001

S & B SURGERY CENTER 401 (K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.
  • 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

SPALDING SURGICAL CENTER OF BEVERLY HILLS, LLC has sponsored the creation of one or more 401k plans.

Company Name:SPALDING SURGICAL CENTER OF BEVERLY HILLS, LLC
Employer identification number (EIN):954628352
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about SPALDING SURGICAL CENTER OF BEVERLY HILLS, LLC

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: 201000710421

More information about SPALDING SURGICAL CENTER OF BEVERLY HILLS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S & B SURGERY CENTER 401 (K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01JAMES SHERMAN, M.D.
0012009-01-01JAMES SHERMAN, M.D.

Plan Statistics for S & B SURGERY CENTER 401 (K) PLAN

401k plan membership statisitcs for S & B SURGERY CENTER 401 (K) PLAN

Measure Date Value
2010: S & B SURGERY CENTER 401 (K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01109
Total number of active participants reported on line 7a of the Form 55002010-01-0158
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0146
Total of all active and inactive participants2010-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01104
Number of participants with account balances2010-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: S & B SURGERY CENTER 401 (K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01415
Total number of active participants reported on line 7a of the Form 55002009-01-0158
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0150
Total of all active and inactive participants2009-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01108
Number of participants with account balances2009-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on S & B SURGERY CENTER 401 (K) PLAN

Measure Date Value
2011 : S & B SURGERY CENTER 401 (K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$31,972
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,486,861
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,474,911
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$21,214
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$1,454,889
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$11,950
Total interest from all sources2011-12-31$4,012
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$11,950
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$450,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$21,214
Participant contributions at beginning of year2011-12-31$182,385
Participant contributions at beginning of year2011-12-31$2,514
Other income not declared elsewhere2011-12-31$32
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,454,889
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,454,889
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at beginning of year2011-12-31$1,129,054
Interest on participant loans2011-12-31$4,611
Interest earned on other investments2011-12-31$-599
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$140,936
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$6,714
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,474,911
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
2010 : S & B SURGERY CENTER 401 (K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$196,365
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$190,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$188,528
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$66,909
Value of total assets at end of year2010-12-31$1,454,889
Value of total assets at beginning of year2010-12-31$1,449,152
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,100
Total interest from all sources2010-12-31$15,456
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$2,100
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$450,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$66,909
Participant contributions at end of year2010-12-31$182,385
Participant contributions at beginning of year2010-12-31$218,529
Participant contributions at end of year2010-12-31$2,514
Participant contributions at beginning of year2010-12-31$3,612
Other income not declared elsewhere2010-12-31$-104
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$5,737
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,454,889
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,449,152
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,055,166
Value of interest in pooled separate accounts at end of year2010-12-31$1,129,054
Interest on participant loans2010-12-31$14,801
Interest earned on other investments2010-12-31$655
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$140,936
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$171,845
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$114,104
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$188,528
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SOLOMON ROSS GREY & CO.
Accountancy firm EIN2010-12-31954476507
2009 : S & B SURGERY CENTER 401 (K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for S & B SURGERY CENTER 401 (K) PLAN

2010: S & B SURGERY CENTER 401 (K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: S & B SURGERY CENTER 401 (K) 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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