401k Plan data: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN plan

PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PREFERRED HEALTH SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: PREFERRED HEALTH SYSTEMS, INC.

Employer identification number (EIN): 481134570

NAIC Classification: 524140

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2010-01-01 JULIE HUMPHREY JULIE HUMPHREY 2011-10-13
001 2009-01-01 JULIE HUMPHREY JULIE HUMPHREY 2010-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2010-01-01	JULIE HUMPHREY		JULIE HUMPHREY	2011-10-13
001	2009-01-01	JULIE HUMPHREY		JULIE HUMPHREY	2010-10-12

Plan Statistics for PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2010: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 275
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 0
Number of retired or separated participants receiving benefits 2010-01-01 18
Number of other retired or separated participants entitled to future benefits 2010-01-01 24
Total of all active and inactive participants 2010-01-01 42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 42
Number of participants with account balances 2010-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 272
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 228
Number of retired or separated participants receiving benefits 2009-01-01 3
Number of other retired or separated participants entitled to future benefits 2009-01-01 39
Total of all active and inactive participants 2009-01-01 270
Total participants 2009-01-01 270
Number of participants with account balances 2009-01-01 270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2010: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	275
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	0
Number of retired or separated participants receiving benefits	2010-01-01	18
Number of other retired or separated participants entitled to future benefits	2010-01-01	24
Total of all active and inactive participants	2010-01-01	42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	42
Number of participants with account balances	2010-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	272
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	228
Number of retired or separated participants receiving benefits	2009-01-01	3
Number of other retired or separated participants entitled to future benefits	2009-01-01	39
Total of all active and inactive participants	2009-01-01	270
Total participants	2009-01-01	270
Number of participants with account balances	2009-01-01	270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2010 : PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$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	$605,607
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$10,280,042
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$10,075,679
Expenses. Certain deemed distributions of participant loans	2010-12-31	$196,220
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$483,775
Value of total assets at end of year	2010-12-31	$311,083
Value of total assets at beginning of year	2010-12-31	$9,985,518
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$8,143
Total interest from all sources	2010-12-31	$3,388
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 year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$329,994
Participant contributions at end of year	2010-12-31	$0
Participant contributions at beginning of year	2010-12-31	$276,244
Total non interest bearing cash at end of year	2010-12-31	$3,906
Total non interest bearing cash at beginning of year	2010-12-31	$4,486
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-9,674,435
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$311,083
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$9,985,518
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$277,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$9,704,195
Interest on participant loans	2010-12-31	$3,388
Net investment gain/loss from pooled separate accounts	2010-12-31	$118,444
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$153,781
Employer contributions (assets) at end of year	2010-12-31	$29,851
Employer contributions (assets) at beginning of year	2010-12-31	$593
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$10,075,679
Contract administrator fees	2010-12-31	$8,143
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$0
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	ALLEN, GIBBS HOULIK, L.C.
Accountancy firm EIN	2010-12-31	481032601

Form 5500 Responses for PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

2010: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PREFERRED HEALTH SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PREFERRED HEALTH SYSTEMS, INC.
Employer identification number (EIN):	481134570
NAIC Classification:	524140