401k Plan data: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN plan

NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 401k Plan overview

Plan Name	NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN
Plan identification number	001

NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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

NEUROSURGICAL ASSOCIATES OF NJ PC has sponsored the creation of one or more 401k plans.

Company Name: NEUROSURGICAL ASSOCIATES OF NJ PC

Employer identification number (EIN): 223020570

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01 SCOTT GALLETTI 2021-10-13
001 2019-12-01 SCOTT GALLETTI 2020-10-13
001 2014-01-01 JOHN COLLINS 2015-07-28 JOHN COLLINS 2015-07-28
001 2013-01-01 JOHN COLLINS 2014-07-24 JOHN COLLINS 2014-07-24
001 2012-01-01 JOHN COLLINS 2013-07-24 JOHN COLLINS 2013-07-24

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01	SCOTT GALLETTI	2021-10-13
001	2019-12-01	SCOTT GALLETTI	2020-10-13
001	2014-01-01	JOHN COLLINS	2015-07-28	JOHN COLLINS	2015-07-28
001	2013-01-01	JOHN COLLINS	2014-07-24	JOHN COLLINS	2014-07-24
001	2012-01-01	JOHN COLLINS	2013-07-24	JOHN COLLINS	2013-07-24

Plan Statistics for NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN

401k plan membership statisitcs for NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN

Measure Date Value
2023: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 105
Number of other retired or separated participants entitled to future benefits 2023-01-01 5
Total of all active and inactive participants 2023-01-01 110
Total participants 2023-01-01 110
Number of participants with account balances 2023-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 2
2022: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 98
Number of other retired or separated participants entitled to future benefits 2022-01-01 9
Total of all active and inactive participants 2022-01-01 107
Total participants 2022-01-01 107
Number of participants with account balances 2022-01-01 92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 4
2021: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 87
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 89
Number of other retired or separated participants entitled to future benefits 2021-01-01 7
Total of all active and inactive participants 2021-01-01 96
Total participants 2021-01-01 96
Number of participants with account balances 2021-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2

Measure	Date	Value
2023: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	105
Number of other retired or separated participants entitled to future benefits	2023-01-01	5
Total of all active and inactive participants	2023-01-01	110
Total participants	2023-01-01	110
Number of participants with account balances	2023-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	2
2022: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	98
Number of other retired or separated participants entitled to future benefits	2022-01-01	9
Total of all active and inactive participants	2022-01-01	107
Total participants	2022-01-01	107
Number of participants with account balances	2022-01-01	92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	4
2021: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	87
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	89
Number of other retired or separated participants entitled to future benefits	2021-01-01	7
Total of all active and inactive participants	2021-01-01	96
Total participants	2021-01-01	96
Number of participants with account balances	2021-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2

Financial Data on NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN

Measure	Date	Value
2023 : NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$6,068,090
Expenses. Total of all expenses incurred	2023-12-31	$919,513
Benefits paid (including direct rollovers)	2023-12-31	$859,093
Total plan assets at end of year	2023-12-31	$22,841,657
Total plan assets at beginning of year	2023-12-31	$17,693,080
Value of fidelity bond covering the plan	2023-12-31	$500,000
Assets. Value of tangible personal property	2023-12-31	$0
Total contributions received or receivable from participants	2023-12-31	$894,947
Assets. Value of loans (other than to participants)	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$255,789
Other income received	2023-12-31	$3,589,699
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$5,148,577
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$22,841,657
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$17,693,080
Assets. Value of participant loans	2023-12-31	$155,157
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$0
Assets. Value of real-estate (other than employer real property)	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$0
Assets. Value of employer real property	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$1,327,655
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$3,181
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$57,239
2022 : NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-1,767,405
Expenses. Total of all expenses incurred	2022-12-31	$309,277
Benefits paid (including direct rollovers)	2022-12-31	$252,996
Total plan assets at end of year	2022-12-31	$17,693,080
Total plan assets at beginning of year	2022-12-31	$19,769,762
Value of fidelity bond covering the plan	2022-12-31	$500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$758,951
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$16,581
Other income received	2022-12-31	$-3,658,829
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-2,076,682
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$17,693,080
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$19,769,762
Assets. Value of participant loans	2022-12-31	$101,560
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$1,115,892
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$56,281
2021 : NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$4,081,982
Expenses. Total of all expenses incurred	2021-12-31	$341,132
Benefits paid (including direct rollovers)	2021-12-31	$274,000
Total plan assets at end of year	2021-12-31	$19,769,762
Total plan assets at beginning of year	2021-12-31	$16,028,912
Value of fidelity bond covering the plan	2021-12-31	$500,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$626,427
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$203,570
Other income received	2021-12-31	$2,299,436
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$3,740,850
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$19,769,762
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$16,028,912
Assets. Value of participant loans	2021-12-31	$112,657
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$952,549
Value of certain deemed distributions of participant loans	2021-12-31	$14,095
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$53,037

Form 5500 Responses for NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN

2023: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: NEUROSURGICAL ASSOCIATES OF NJ PC PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NEUROSURGICAL ASSOCIATES OF NJ PC
Employer identification number (EIN):	223020570
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)