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MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameMICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN
Plan identification number 001

MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN 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

MICHAEL P. BERNSTEIN, MD has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL P. BERNSTEIN, MD
Employer identification number (EIN):300826646
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL BERNSTEIN2024-03-19
0012022-01-01MICHAEL BERNSTEIN2023-05-10
0012021-01-01MICHAEL P. BERNSTEIN, MD2022-05-17 MICHAEL P BERNSTEIN MD2022-05-17
0012020-01-01MICHAEL P. BERNSTEIN, MD2021-08-14 MICHAEL P BERNSTEIN MD2021-08-14
0012019-01-01MICHAEL P. BERNSTEIN, MD2020-05-24 MICHAEL P BERNSTEIN MD2020-05-24
0012018-01-01MICHAEL P. BERNSTEIN, MD2019-04-11
0012017-01-01MICHAEL P. BERNSTEIN, MD2018-05-16
0012016-01-01MICHAEL P. BERNSTEIN, MD2017-02-13
0012015-01-01MICHAEL P. BERNSTEIN, MD2016-07-18
0012014-01-01MICHAEL P. BERNSTEIN, MD

Plan Statistics for MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN

401k plan membership statisitcs for MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN

Measure Date Value
2014: MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
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

Financial Data on MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN

Measure Date Value
2014 : MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN 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$44,749
Expenses. Total of all expenses incurred2014-12-31$12,573
Benefits paid (including direct rollovers)2014-12-31$10,863
Total plan assets at end of year2014-12-31$159,620
Total plan assets at beginning of year2014-12-31$127,444
Value of fidelity bond covering the plan2014-12-31$20,000
Total contributions received or receivable from participants2014-12-31$28,443
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$6,637
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$32,176
Net plan assets at end of year (total assets less liabilities)2014-12-31$159,620
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$127,444
Total contributions received or receivable from employer(s)2014-12-31$9,669
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$1,710
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN

2014: MICHAEL P. BERNSTEIN, MD 401(K) RETIREMENT PLAN 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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number457578
Policy instance 1
Insurance contract or identification number457578
Number of Individuals Covered3
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $505
Total amount of fees paid to insurance companyUSD $152
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $505
Additional information about fees paid to insurance brokerCOMMISSION
Insurance broker organization code?3
Amount paid for insurance broker fees101
Insurance broker nameNFP ADVISORS SERVICES INC

Potentially related plans

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