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FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN 401k Plan overview

Plan NameFAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN
Plan identification number 001

FAYETTE PHYSICIAN NETWORK, INC. 401(K) 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

FAYETTE PHYSICIAN NETWORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:FAYETTE PHYSICIAN NETWORK, INC.
Employer identification number (EIN):455440305
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-07-01
0012018-07-01
0012017-07-01
0012016-07-01
0012015-07-01
0012014-07-01
0012013-07-01
0012012-07-01STEVEN HANDY STEVEN HANDY2014-04-14

Plan Statistics for FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN

401k plan membership statisitcs for FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN

Measure Date Value
2012: FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-01170
Total number of active participants reported on line 7a of the Form 55002012-07-0156
Number of other retired or separated participants entitled to future benefits2012-07-0136
Total of all active and inactive participants2012-07-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-010
Total participants2012-07-0192
Number of participants with account balances2012-07-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-010

Financial Data on FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN

Measure Date Value
2013 : FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-06-30$1,369,080
Total of all expenses incurred2013-06-30$1,011,687
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-06-30$961,200
Value of total corrective distributions2013-06-30$12,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-06-30$737,192
Value of total assets at end of year2013-06-30$4,765,804
Value of total assets at beginning of year2013-06-30$4,408,411
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-06-30$38,407
Total interest from all sources2013-06-30$247
Total dividends received (eg from common stock, registered investment company shares)2013-06-30$99,507
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-06-30No
Total dividends received from registered investment company shares (eg mutual funds)2013-06-30$99,507
Was this plan covered by a fidelity bond2013-06-30Yes
Value of fidelity bond cover2013-06-30$1,000,000
If this is an individual account plan, was there a blackout period2013-06-30No
Were there any nonexempt tranactions with any party-in-interest2013-06-30No
Contributions received from participants2013-06-30$353,263
Participant contributions at end of year2013-06-30$23,445
Income. Received or receivable in cash from other sources (including rollovers)2013-06-30$40,166
Other income not declared elsewhere2013-06-30$1,788
Administrative expenses (other) incurred2013-06-30$38,407
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Value of net income/loss2013-06-30$357,393
Value of net assets at end of year (total assets less liabilities)2013-06-30$4,765,804
Value of net assets at beginning of year (total assets less liabilities)2013-06-30$4,408,411
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-06-30No
Were any leases to which the plan was party in default or uncollectible2013-06-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-06-30$4,606,197
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-06-30$4,129,976
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-06-30$247
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-06-30$530,346
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-06-30No
Was there a failure to transmit to the plan any participant contributions2013-06-30Yes
Has the plan failed to provide any benefit when due under the plan2013-06-30No
Contributions received in cash from employer2013-06-30$343,763
Employer contributions (assets) at end of year2013-06-30$136,162
Employer contributions (assets) at beginning of year2013-06-30$278,435
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-06-30$961,200
Did the plan have assets held for investment2013-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-06-30Yes
Opinion of an independent qualified public accountant for this plan2013-06-30Disclaimer
Accountancy firm name2013-06-30BKD, LLP
Accountancy firm EIN2013-06-30440160260

Form 5500 Responses for FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN

2012: FAYETTE PHYSICIAN NETWORK, INC. 401(K) PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01Submission has been amendedNo
2012-07-01This submission is the final filingNo
2012-07-01This return/report is a short plan year return/report (less than 12 months)No
2012-07-01Plan is a collectively bargained planNo
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement - TrustYes

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