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TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameTAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • 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.
  • Plan covering Self-Employed individuals.
  • 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

TAESUN CHUNG M.D. LLC has sponsored the creation of one or more 401k plans.

Company Name:TAESUN CHUNG M.D. LLC
Employer identification number (EIN):061610160
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01TAESUN CHUNG, MD
0012014-01-01TAESUN CHUNG, MD
0012013-01-01TAESUN CHUNG, MD
0012012-01-01TAESUN CHUNG, MD
0012011-01-01TAESUN CHUNG, MD
0012010-01-01TAESUN CHUNG, MD
0012009-01-01TAESUN CHUNG, MD

Plan Statistics for TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2015: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-010
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 participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-014
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
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: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-014
Total number of active participants reported on line 7a of the Form 55002012-01-013
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-014
Total number of active participants reported on line 7a of the Form 55002011-01-013
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
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% vested2011-01-010
2010: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-014
Total number of active participants reported on line 7a of the Form 55002010-01-014
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-014
Total participants2010-01-014
Number of participants with account balances2010-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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 TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2015 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Transfers to/from the plan2015-12-08$0
Total plan liabilities at end of year2015-12-08$0
Total plan liabilities at beginning of year2015-12-08$0
Total income from all sources2015-12-08$-429
Expenses. Total of all expenses incurred2015-12-08$238,106
Benefits paid (including direct rollovers)2015-12-08$238,025
Total plan assets at end of year2015-12-08$0
Total plan assets at beginning of year2015-12-08$238,535
Value of fidelity bond covering the plan2015-12-08$50,000
Total contributions received or receivable from participants2015-12-08$0
Expenses. Other expenses not covered elsewhere2015-12-08$0
Contributions received from other sources (not participants or employers)2015-12-08$0
Other income received2015-12-08$-429
Noncash contributions received2015-12-08$0
Net income (gross income less expenses)2015-12-08$-238,535
Net plan assets at end of year (total assets less liabilities)2015-12-08$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-08$238,535
Total contributions received or receivable from employer(s)2015-12-08$0
Value of certain deemed distributions of participant loans2015-12-08$0
Value of corrective distributions2015-12-08$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-08$81
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-08$0
2014 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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$51,906
Expenses. Total of all expenses incurred2014-12-31$387,073
Benefits paid (including direct rollovers)2014-12-31$387,073
Total plan assets at end of year2014-12-31$238,535
Total plan assets at beginning of year2014-12-31$573,702
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$4,687
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$14,253
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-335,167
Net plan assets at end of year (total assets less liabilities)2014-12-31$238,535
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$573,702
Assets. Value of participant loans2014-12-31$2,009
Total contributions received or receivable from employer(s)2014-12-31$32,966
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$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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$91,071
Expenses. Total of all expenses incurred2013-12-31$848
Benefits paid (including direct rollovers)2013-12-31$799
Total plan assets at end of year2013-12-31$573,702
Total plan assets at beginning of year2013-12-31$483,479
Value of fidelity bond covering the plan2013-12-31$35,000
Total contributions received or receivable from participants2013-12-31$28,219
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$20,872
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$90,223
Net plan assets at end of year (total assets less liabilities)2013-12-31$573,702
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$483,479
Assets. Value of participant loans2013-12-31$2,823
Total contributions received or receivable from employer(s)2013-12-31$41,980
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$49
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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$94,306
Expenses. Total of all expenses incurred2012-12-31$1,512
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$483,479
Total plan assets at beginning of year2012-12-31$390,685
Value of fidelity bond covering the plan2012-12-31$35,000
Total contributions received or receivable from participants2012-12-31$28,169
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$26,137
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$92,794
Net plan assets at end of year (total assets less liabilities)2012-12-31$483,479
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$390,685
Assets. Value of participant loans2012-12-31$3,792
Total contributions received or receivable from employer(s)2012-12-31$40,000
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$1,512
2011 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
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$73,034
Expenses. Total of all expenses incurred2011-12-31$5,891
Benefits paid (including direct rollovers)2011-12-31$5,604
Total plan assets at end of year2011-12-31$390,685
Total plan assets at beginning of year2011-12-31$323,542
Value of fidelity bond covering the plan2011-12-31$30,000
Total contributions received or receivable from participants2011-12-31$28,543
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$9,491
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$67,143
Net plan assets at end of year (total assets less liabilities)2011-12-31$390,685
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$323,542
Assets. Value of participant loans2011-12-31$4,722
Total contributions received or receivable from employer(s)2011-12-31$35,000
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$287
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
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$91,040
Expenses. Total of all expenses incurred2010-12-31$36
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$323,542
Total plan assets at beginning of year2010-12-31$232,538
Value of fidelity bond covering the plan2010-12-31$30,000
Total contributions received or receivable from participants2010-12-31$29,648
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$26,392
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$91,004
Net plan assets at end of year (total assets less liabilities)2010-12-31$323,542
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$232,538
Total contributions received or receivable from employer(s)2010-12-31$35,000
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$36

Form 5500 Responses for TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST

2015: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 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
2010: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TAESUN CHUNG M.D. LLC 401(K) PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA852426
Policy instance 1
Insurance contract or identification numberGA852426
Insurance policy start date2015-01-01
Insurance policy end date2015-12-08
Total amount of commissions paid to insurance brokerUSD $887
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $887
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA852426
Policy instance 1
Insurance contract or identification numberGA852426
Number of Individuals Covered3
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $1,516
Total amount of fees paid to insurance companyUSD $49
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,516
Insurance broker organization code?3
Amount paid for insurance broker fees49
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATIVE FEES
Insurance broker nameWELLS THOMAS, LLC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA852426
Policy instance 1
Insurance contract or identification numberGA852426
Number of Individuals Covered3
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $1,787
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,787
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA852426
Policy instance 1
Insurance contract or identification numberGA852426
Number of Individuals Covered4
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $1,136
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,136
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA852426
Policy instance 1
Insurance contract or identification numberGA852426
Number of Individuals Covered4
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $3,614
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number998942000
Policy instance 1
Insurance contract or identification number998942000
Number of Individuals Covered4
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $400
Total amount of fees paid to insurance companyUSD $104
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $400
Insurance broker organization code?3
Amount paid for insurance broker fees104
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameWELLS THOMAS LLC

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