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NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 401k Plan overview

Plan NameNETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN
Plan identification number 001

NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN Benefits

401k Plan TypeDefined 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 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NETWORK HEALTH, INC. has sponsored the creation of one or more 401k plans.

Company Name:NETWORK HEALTH, INC.
Employer identification number (EIN):043476565
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Additional information about NETWORK HEALTH, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2000-06-07
Company Identification Number: 20001328447

More information about NETWORK HEALTH, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01PAULA BRANCATO2013-10-07
0012011-01-01CHRISTINE SANFTLEBEN
0012009-01-01CHRISTINE SANFTLEBEN

Plan Statistics for NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN

401k plan membership statisitcs for NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN

Measure Date Value
2011: NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01480
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-0185
Total of all active and inactive participants2011-01-0186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0186
Number of participants with account balances2011-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-017
2009: NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01461
Total number of active participants reported on line 7a of the Form 55002009-01-01342
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01138
Total of all active and inactive participants2009-01-01480
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01480
Number of participants with account balances2009-01-01463
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0112

Financial Data on NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN

Measure Date Value
2011 : NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$1,844,462
Total of all expenses incurred2011-12-31$9,515,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$9,483,093
Expenses. Certain deemed distributions of participant loans2011-12-31$5,779
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,147,220
Value of total assets at end of year2011-12-31$2,300,987
Value of total assets at beginning of year2011-12-31$9,972,133
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$26,736
Total interest from all sources2011-12-31$36,425
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$166,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$166,217
Administrative expenses professional fees incurred2011-12-31$9,817
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,073,275
Participant contributions at end of year2011-12-31$3,634
Participant contributions at beginning of year2011-12-31$306,348
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$141,712
Administrative expenses (other) incurred2011-12-31$4,660
Total non interest bearing cash at end of year2011-12-31$5,556
Total non interest bearing cash at beginning of year2011-12-31$3,688
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-7,671,146
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,300,987
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$9,972,133
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
Investment advisory and management fees2011-12-31$12,259
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,251,965
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$9,318,723
Interest on participant loans2011-12-31$13,369
Interest earned on other investments2011-12-31$23,056
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$39,832
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$343,374
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-505,400
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 contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$932,233
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$9,483,093
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31CARON & BLETZER, PLLC
Accountancy firm EIN2011-12-31043499945
2010 : NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$2,873,616
Total of all expenses incurred2010-12-31$413,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$386,288
Expenses. Certain deemed distributions of participant loans2010-12-31$1,968
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,764,331
Value of total assets at end of year2010-12-31$9,972,133
Value of total assets at beginning of year2010-12-31$7,512,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$25,610
Total interest from all sources2010-12-31$19,187
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$177,428
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$177,428
Administrative expenses professional fees incurred2010-12-31$9,449
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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$1,081,785
Participant contributions at end of year2010-12-31$306,348
Participant contributions at beginning of year2010-12-31$256,227
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$32,627
Administrative expenses (other) incurred2010-12-31$4,539
Total non interest bearing cash at end of year2010-12-31$3,688
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$2,459,750
Value of net assets at end of year (total assets less liabilities)2010-12-31$9,972,133
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,512,383
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
Investment advisory and management fees2010-12-31$11,622
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$9,318,723
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$7,015,008
Interest on participant loans2010-12-31$12,891
Interest earned on other investments2010-12-31$6,296
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$343,374
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$241,148
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$912,670
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
Contributions received in cash from employer2010-12-31$649,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$386,288
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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 name2010-12-31CARON & BLETZER, PLLC
Accountancy firm EIN2010-12-31043499945
2009 : NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT 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 NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN

2011: NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NETWORK HEALTH, INC. 403B SAVINGS AND RETIREMENT 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 – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberTA069258
Policy instance 1
Insurance contract or identification numberTA069258
Number of Individuals Covered86
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberTA069258
Policy instance 1
Insurance contract or identification numberTA069258
Number of Individuals Covered438
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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