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SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 401k Plan overview

Plan NameSOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN
Plan identification number 001

SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC 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.
  • 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

SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name:SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC
Employer identification number (EIN):260618405
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SARAH ROBERTS2024-06-26
0012022-01-01GEOFF JOHNSON2023-10-10
0012021-01-01GEOFF JOHNSON2022-07-26
0012020-01-01GEOFF JOHNSON2021-06-08
0012019-01-01GEOFF JOHNSON2020-07-09
0012018-01-01GEOFF JOHNSON2019-07-24
0012017-01-01GEOFF JOHNSON
0012016-01-01GEOFF JOHNSON
0012015-01-01GEOFF JOHNSON
0012014-01-01GEOFF JOHNSON2015-09-17
0012013-01-01JON BOWERS2014-07-11
0012012-01-01JON BOWERS2013-07-26
0012011-01-01MARK RHOADES2012-07-19
0012010-01-01MARK RHOADES2011-08-16

Financial Data on SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN

Measure Date Value
2025 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-31780855
Net assets as of the end of the plan year2025-03-319124401
Total assets as of the beginning of the plan year2025-03-318197164
Value of plan covered by a fidelity bond2025-03-31500000
Participant contributions to plan in this plan year2025-03-31410700
Value of participant loans at end of plan year2025-03-3183792
Other income to plan in this plan year2025-03-311043593
Plan net income in this plan year2025-03-31927237
Net assets as of the end of the plan year2025-03-319124401
Net assets as of the beginning of the plan year2025-03-318197164
Employer contributions to plan in this plan year2025-03-31253799
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-3129919
2024 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-262182245
Net assets as of the end of the plan year2024-06-268197164
Total assets as of the beginning of the plan year2024-06-268381849
Value of plan covered by a fidelity bond2024-06-26500000
Participant contributions to plan in this plan year2024-06-26439870
Value of participant loans at end of plan year2024-06-2685956
Other contributions to plan in this plan year2024-06-262431
Other income to plan in this plan year2024-06-261267470
Plan net income in this plan year2024-06-26-184685
Net assets as of the end of the plan year2024-06-268197164
Net assets as of the beginning of the plan year2024-06-268381849
Employer contributions to plan in this plan year2024-06-26287789
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2629986
2022 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-26533106
Net assets as of the end of the plan year2022-07-269852992
Total assets as of the beginning of the plan year2022-07-268358867
Value of plan covered by a fidelity bond2022-07-26500000
Participant contributions to plan in this plan year2022-07-26471230
Value of participant loans at end of plan year2022-07-2680893
Other contributions to plan in this plan year2022-07-26118
Other income to plan in this plan year2022-07-261233436
Plan net income in this plan year2022-07-261494125
Net assets as of the end of the plan year2022-07-269852992
Net assets as of the beginning of the plan year2022-07-268358867
Employer contributions to plan in this plan year2022-07-26322447
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2656117
2017 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,695,313
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$171,855
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$152,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$922,720
Value of total assets at end of year2017-12-31$5,641,263
Value of total assets at beginning of year2017-12-31$4,117,805
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$19,855
Total interest from all sources2017-12-31$9,944
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$146,280
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$146,280
Administrative expenses professional fees incurred2017-12-31$7,590
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$486,923
Participant contributions at end of year2017-12-31$115,301
Participant contributions at beginning of year2017-12-31$43,750
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$85,367
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,523,458
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,641,263
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$4,117,805
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$5,374
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$5,462,687
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$3,843,102
Interest on participant loans2017-12-31$3,709
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$6,235
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$63,275
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$230,953
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$616,369
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$350,430
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$152,000
Contract administrator fees2017-12-31$6,891
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BKD, LLP
Accountancy firm EIN2017-12-31440160260
2016 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC 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$1,103,452
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$85,009
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$43,018
Expenses. Certain deemed distributions of participant loans2016-12-31$2,414
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$876,547
Value of total assets at end of year2016-12-31$4,117,805
Value of total assets at beginning of year2016-12-31$3,099,362
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$39,577
Total interest from all sources2016-12-31$2,041
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$53,843
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$53,843
Administrative expenses professional fees incurred2016-12-31$20,157
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
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$431,825
Participant contributions at end of year2016-12-31$43,750
Participant contributions at beginning of year2016-12-31$45,079
Participant contributions at beginning of year2016-12-31$5,562
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$136,413
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$1,018,443
Value of net assets at end of year (total assets less liabilities)2016-12-31$4,117,805
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,099,362
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$8,668
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$3,843,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,973,607
Interest on participant loans2016-12-31$2,041
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$230,953
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$71,384
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$171,021
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 contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$308,309
Employer contributions (assets) at beginning of year2016-12-31$3,730
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$43,018
Contract administrator fees2016-12-31$10,752
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 name2016-12-31BKD, LLP
Accountancy firm EIN2016-12-31440160260
2015 : SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC 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$716,205
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$35,901
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$18,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$751,986
Value of total assets at end of year2015-12-31$3,099,362
Value of total assets at beginning of year2015-12-31$2,419,058
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$17,272
Total interest from all sources2015-12-31$2,394
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$36,583
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$36,583
Administrative expenses professional fees incurred2015-12-31$3,998
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
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$395,117
Participant contributions at end of year2015-12-31$45,079
Participant contributions at beginning of year2015-12-31$30,779
Participant contributions at end of year2015-12-31$5,562
Participant contributions at beginning of year2015-12-31$2,717
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$86,573
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$680,304
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,099,362
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,419,058
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
Investment advisory and management fees2015-12-31$6,627
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$2,973,607
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,318,544
Interest on participant loans2015-12-31$2,394
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$71,384
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$64,662
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-74,758
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 contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$270,296
Employer contributions (assets) at end of year2015-12-31$3,730
Employer contributions (assets) at beginning of year2015-12-31$2,356
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$18,629
Contract administrator fees2015-12-31$6,647
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 name2015-12-31BKD, LLP
Accountancy firm EIN2015-12-31440160260

Form 5500 Responses for SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN

2017: SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC 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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOLUTIONS PHYSICIANS PRACTICE MANAGEMENT, LLC 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number62365-3
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1

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