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UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameUNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN
Plan identification number 003

UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

UNIVERSITY GROUP MEDICAL ASSOCIATES , P.C. has sponsored the creation of one or more 401k plans.

Company Name:UNIVERSITY GROUP MEDICAL ASSOCIATES , P.C.
Employer identification number (EIN):112424557
NAIC Classification:525100
NAIC Description: Insurance and Employee Benefit Funds

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032010-07-01SABINA ZAK
0032009-07-01SABINA ZAK SABINA ZAK2011-04-15
0032008-07-012010-12-29

Plan Statistics for UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN

Measure Date Value
2010: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-01673
Total number of active participants reported on line 7a of the Form 55002010-07-010
Number of retired or separated participants receiving benefits2010-07-010
Number of other retired or separated participants entitled to future benefits2010-07-010
Total of all active and inactive participants2010-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-07-010
Total participants2010-07-010
Number of participants with account balances2010-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-07-010
2009: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-01675
Total number of active participants reported on line 7a of the Form 55002009-07-01292
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-01381
Total of all active and inactive participants2009-07-01673
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-01673
Number of participants with account balances2009-07-01645
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-012
2008: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-07-01710
Total number of active participants reported on line 7a of the Form 55002008-07-01296
Number of retired or separated participants receiving benefits2008-07-010
Number of other retired or separated participants entitled to future benefits2008-07-01376
Total of all active and inactive participants2008-07-01672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-07-010
Total participants2008-07-01672
Number of participants with account balances2008-07-01629
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-07-011

Financial Data on UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN

Measure Date Value
2010 : UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-06$0
Total unrealized appreciation/depreciation of assets2010-12-06$0
Total transfer of assets from this plan2010-12-06$23,267,522
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-06$0
Total income from all sources (including contributions)2010-12-06$1,730,775
Total of all expenses incurred2010-12-06$6,328,539
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-06$6,279,818
Value of total assets at end of year2010-12-06$0
Value of total assets at beginning of year2010-12-06$27,865,286
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-06$48,721
Total interest from all sources2010-12-06$2,475
Total dividends received (eg from common stock, registered investment company shares)2010-12-06$31,100
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-06Yes
Total dividends received from registered investment company shares (eg mutual funds)2010-12-06$31,100
Was this plan covered by a fidelity bond2010-12-06Yes
Value of fidelity bond cover2010-12-06$500,000
If this is an individual account plan, was there a blackout period2010-12-06Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-06$0
Were there any nonexempt tranactions with any party-in-interest2010-12-06No
Participant contributions at end of year2010-12-06$0
Participant contributions at beginning of year2010-12-06$147,822
Liabilities. Value of operating payables at beginning of year2010-12-06$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-06No
Value of net income/loss2010-12-06$-4,597,764
Value of net assets at end of year (total assets less liabilities)2010-12-06$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-06$27,865,286
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-06No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-06No
Were any leases to which the plan was party in default or uncollectible2010-12-06No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-06$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-06$9,579,688
Interest on participant loans2010-12-06$2,475
Value of interest in common/collective trusts at end of year2010-12-06$0
Value of interest in common/collective trusts at beginning of year2010-12-06$14,836,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-06$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-06$7,797
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-06$7,797
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-06$1,529,534
Net investment gain or loss from common/collective trusts2010-12-06$167,666
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-06Yes
Was there a failure to transmit to the plan any participant contributions2010-12-06No
Has the plan failed to provide any benefit when due under the plan2010-12-06No
Employer contributions (assets) at end of year2010-12-06$0
Employer contributions (assets) at beginning of year2010-12-06$3,293,940
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-06$6,279,818
Contract administrator fees2010-12-06$48,721
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-06Yes
Did the plan have assets held for investment2010-12-06No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-06No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-06Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-06Yes
Opinion of an independent qualified public accountant for this plan2010-12-06Disclaimer
Accountancy firm name2010-12-06LOEB & TROPER LLP
Accountancy firm EIN2010-12-06131517563
2009 : UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-06-30$0

Form 5500 Responses for UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN

2010: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2010 form 5500 responses
2010-07-01Type of plan entitySingle employer plan
2010-07-01This submission is the final filingYes
2010-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes
2008: UNIVERSITY GROUP MEDICAL ASSOCIATES PC 401K PROFIT SHARING PLAN 2008 form 5500 responses
2008-07-01Type of plan entitySingle employer plan
2008-07-01Submission has been amendedYes
2008-07-01This submission is the final filingNo
2008-07-01This return/report is a short plan year return/report (less than 12 months)No
2008-07-01Plan is a collectively bargained planNo
2008-07-01Plan funding arrangement – TrustYes
2008-07-01Plan benefit arrangement - TrustYes

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