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MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST 401k Plan overview

Plan NameMIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST
Plan identification number 012

MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

MIDWEST HEART SPECIALISTS, LTD has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST HEART SPECIALISTS, LTD
Employer identification number (EIN):362841923
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0122009-01-01JOSEPH C. MAREK

Plan Statistics for MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST

401k plan membership statisitcs for MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST

Measure Date Value
2009: MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01376
Total number of active participants reported on line 7a of the Form 55002009-01-01249
Number of retired or separated participants receiving benefits2009-01-016
Number of other retired or separated participants entitled to future benefits2009-01-01117
Total of all active and inactive participants2009-01-01372
Total participants2009-01-01372
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST

Measure Date Value
2010 : MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,867,133
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$549,354
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$549,354
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,650,484
Value of total assets at end of year2010-12-31$20,446,798
Value of total assets at beginning of year2010-12-31$17,129,019
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$5,660
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$5,259
Other income not declared elsewhere2010-12-31$401
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,317,779
Value of net assets at end of year (total assets less liabilities)2010-12-31$20,446,798
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$17,129,019
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$18,839,338
Value of interest in pooled separate accounts at beginning of year2010-12-31$17,123,760
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$2,216,248
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,650,484
Employer contributions (assets) at end of year2010-12-31$1,601,800
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$549,354
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MANN WEITZ AND ASSOCIATES LLC
Accountancy firm EIN2010-12-31363963131
2009 : MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST

2009: MIDWEST HEART SPECIALISTS, LTD. DEFINED BENEFIT PENSION PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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