BOARD OF TRUSTEES OF THE MDA HEALTH PLAN has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023 : MDA HEALTH PLAN 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $5,502,130 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $4,805,312 |
| Total income from all sources (including contributions) | 2023-12-31 | $22,174,928 |
| Total of all expenses incurred | 2023-12-31 | $20,967,752 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $17,304,805 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $20,626,550 |
| Value of total assets at end of year | 2023-12-31 | $26,654,115 |
| Value of total assets at beginning of year | 2023-12-31 | $24,750,121 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $3,662,947 |
| Total interest from all sources | 2023-12-31 | $412,464 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $28,821 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $11,500,542 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $2,421,208 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-12-31 | $15,880,637 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $903,591 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-12-31 | $794,314 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $1,676,339 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $1,744,861 |
| Other income not declared elsewhere | 2023-12-31 | $5,316 |
| Administrative expenses (other) incurred | 2023-12-31 | $2,078,226 |
| Liabilities. Value of operating payables at end of year | 2023-12-31 | $1,700,606 |
| Liabilities. Value of operating payables at beginning of year | 2023-12-31 | $929,950 |
| Total non interest bearing cash at end of year | 2023-12-31 | $2,275,376 |
| Total non interest bearing cash at beginning of year | 2023-12-31 | $1,990,068 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $1,207,176 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $21,151,985 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $19,944,809 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $49,722 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $1,831,782 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $3,589,172 |
| Income. Interest from US Government securities | 2023-12-31 | $412,464 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $5,184,695 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $4,005,759 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $4,005,759 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-12-31 | $1,424,168 |
| Asset value of US Government securities at end of year | 2023-12-31 | $10,486,485 |
| Asset value of US Government securities at beginning of year | 2023-12-31 | $11,878,141 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,101,777 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $9,126,008 |
| Income. Dividends from common stock | 2023-12-31 | $28,821 |
| Asset. Corporate debt instrument debt (other) at end of year | 2023-12-31 | $1,759,022 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2023-12-31 | $859,096 |
| Contract administrator fees | 2023-12-31 | $1,418,686 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2023-12-31 | $1,791,956 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2023-12-31 | $1,633,571 |
| Liabilities. Value of benefit claims payable at end of year | 2023-12-31 | $2,125,185 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-12-31 | $2,130,501 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | HARRIS & CO |
| Accountancy firm EIN | 2023-12-31 | 264022510 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $5,502,130 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $4,805,312 |
| Total income from all sources (including contributions) | 2023-01-01 | $22,174,928 |
| Total of all expenses incurred | 2023-01-01 | $20,967,752 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $17,304,805 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $20,626,550 |
| Value of total assets at end of year | 2023-01-01 | $26,654,115 |
| Value of total assets at beginning of year | 2023-01-01 | $24,750,121 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $3,662,947 |
| Total interest from all sources | 2023-01-01 | $412,464 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $28,821 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $11,500,542 |
| Assets. Other investments not covered elsewhere at end of year | 2023-01-01 | $2,421,208 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-01-01 | $15,880,637 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-01-01 | $903,591 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-01-01 | $794,314 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-01-01 | $1,676,339 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-01-01 | $1,744,861 |
| Other income not declared elsewhere | 2023-01-01 | $5,316 |
| Administrative expenses (other) incurred | 2023-01-01 | $2,078,226 |
| Liabilities. Value of operating payables at end of year | 2023-01-01 | $1,700,606 |
| Liabilities. Value of operating payables at beginning of year | 2023-01-01 | $929,950 |
| Total non interest bearing cash at end of year | 2023-01-01 | $2,275,376 |
| Total non interest bearing cash at beginning of year | 2023-01-01 | $1,990,068 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $1,207,176 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $21,151,985 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $19,944,809 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $49,722 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $1,831,782 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $3,589,172 |
| Income. Interest from US Government securities | 2023-01-01 | $412,464 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $5,184,695 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-01-01 | $1,424,168 |
| Asset value of US Government securities at end of year | 2023-01-01 | $10,486,485 |
| Asset value of US Government securities at beginning of year | 2023-01-01 | $11,878,141 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,101,777 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $9,126,008 |
| Income. Dividends from common stock | 2023-01-01 | $28,821 |
| Asset. Corporate debt instrument debt (other) at end of year | 2023-01-01 | $1,759,022 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2023-01-01 | $859,096 |
| Contract administrator fees | 2023-01-01 | $1,418,686 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-01-01 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2023-01-01 | $1,791,956 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2023-01-01 | $1,633,571 |
| Liabilities. Value of benefit claims payable at end of year | 2023-01-01 | $2,125,185 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-01-01 | $2,130,501 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | HARRIS & CO |
| Accountancy firm EIN | 2023-01-01 | 264022510 |
