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QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 401k Plan overview

Plan NameQUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN
Plan identification number 001

QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT 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.

401k Sponsoring company profile

QUEENS LONG ISLAND MEDICAL GROUP PC has sponsored the creation of one or more 401k plans.

Company Name:QUEENS LONG ISLAND MEDICAL GROUP PC
Employer identification number (EIN):113039101
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about QUEENS LONG ISLAND MEDICAL GROUP PC

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1990-11-21
Company Identification Number: 1490391
Legal Registered Office Address: 55 WATER STREET
NEW YORK
NEW YORK
United States of America (USA)
10041

More information about QUEENS LONG ISLAND MEDICAL GROUP PC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01MARK MOYNIHAN
0012015-01-01MYRON SPEKTOR

Plan Statistics for QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN

401k plan membership statisitcs for QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN

Measure Date Value
2016: QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01627
Total number of active participants reported on line 7a of the Form 55002016-01-01294
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01205
Total of all active and inactive participants2016-01-01499
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-015
Total participants2016-01-01504
Number of participants with account balances2016-01-01315
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01660
Total number of active participants reported on line 7a of the Form 55002015-01-01407
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01217
Total of all active and inactive participants2015-01-01624
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-01627
Number of participants with account balances2015-01-01370
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN

Measure Date Value
2016 : QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$10,653,154
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$11,287,684
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$11,220,714
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$0
Value of total assets at end of year2016-12-31$114,791,435
Value of total assets at beginning of year2016-12-31$115,425,965
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$66,970
Total interest from all sources2016-12-31$404,423
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$3,200,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$3,200,992
Administrative expenses professional fees incurred2016-12-31$27,600
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Participant contributions at end of year2016-12-31$365,065
Participant contributions at beginning of year2016-12-31$573,873
Other income not declared elsewhere2016-12-31$17,578
Administrative expenses (other) incurred2016-12-31$2,323
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-634,530
Value of net assets at end of year (total assets less liabilities)2016-12-31$114,791,435
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$115,425,965
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$37,047
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$99,918,671
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$97,626,751
Interest on participant loans2016-12-31$18,353
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$14,507,699
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$17,225,341
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$17,225,341
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$386,070
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$7,030,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$11,220,714
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO USA, LLP
Accountancy firm EIN2016-12-31135381590
2015 : QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$-1,239,695
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$22,686,536
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$22,684,556
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$115,425,965
Value of total assets at beginning of year2015-12-31$139,352,196
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,980
Total interest from all sources2015-12-31$425,353
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$3,270,278
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$3,270,278
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Participant contributions at end of year2015-12-31$573,873
Participant contributions at beginning of year2015-12-31$585,949
Other income not declared elsewhere2015-12-31$31,666
Administrative expenses (other) incurred2015-12-31$1,980
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-23,926,231
Value of net assets at end of year (total assets less liabilities)2015-12-31$115,425,965
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$139,352,196
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$97,626,751
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$114,928,761
Interest on participant loans2015-12-31$25,981
Interest earned on other investments2015-12-31$397,331
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$17,225,341
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$23,837,486
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$23,837,486
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$2,041
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-4,966,992
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$22,684,556
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BDO USA, LLP
Accountancy firm EIN2015-12-31135381590

Form 5500 Responses for QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN

2016: QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: QUEENS-LONG ISLAND MEDICAL GROUP, P.C. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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