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HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 401k Plan overview

Plan NameHORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT
Plan identification number 001

HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

HORIZON FAMILY MEDICINE, P.A. has sponsored the creation of one or more 401k plans.

Company Name:HORIZON FAMILY MEDICINE, P.A.
Employer identification number (EIN):561347298
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOSEPH LIVERMAN JR2023-07-12
0012021-01-01JOSEPH LIVERMAN JR2022-10-14
0012020-01-01JOSEPH LIVERMAN2021-07-30
0012019-01-01JOSEPH LIVERMAN2020-06-25
0012018-01-01JOSEPH T. LIVERMAN, JR.2019-07-08 HORIZON FAMILY MEDICINE, P.A.2019-07-08
0012017-01-01JOSEPH T. LIVERMAN, JR.
0012017-01-01
0012016-01-01JOSEPH T. LIVERMAN, JR. JOSEPH T. LIVERMAN, JR2017-10-13
0012015-01-01JOSEPH T. LIVERMAN, JR.
0012014-01-01JOSEPH T. LIVERMAN, JR.2015-05-12
0012013-01-01JOSEPH T. LIVERMAN, JR.2014-05-22
0012012-01-01JOSEPH T. LIVERMAN, JR.2013-06-11
0012011-01-01JOSEPH T LIVERMAN JR2012-07-19
0012010-01-01JOSEPH T LIVERMAN JR2011-10-07 JOSEPH T LIVERMAN JR2011-10-07

Plan Statistics for HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

401k plan membership statisitcs for HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

Measure Date Value
2017: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2017 401k membership
Total participants, beginning-of-year2017-01-01140
Total number of active participants reported on line 7a of the Form 55002017-01-0114
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0136
Total of all active and inactive participants2017-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0150
Number of participants with account balances2017-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2016 401k membership
Total participants, beginning-of-year2016-01-01139
Total number of active participants reported on line 7a of the Form 55002016-01-0117
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01123
Total of all active and inactive participants2016-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01140
Number of participants with account balances2016-01-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2015 401k membership
Total participants, beginning-of-year2015-01-01125
Total number of active participants reported on line 7a of the Form 55002015-01-0189
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0134
Total of all active and inactive participants2015-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01123
Number of participants with account balances2015-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-017

Financial Data on HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

Measure Date Value
2017 : HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,095,437
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$333,955
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$263,590
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$415,807
Value of total assets at end of year2017-12-31$11,604,016
Value of total assets at beginning of year2017-12-31$9,842,534
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$70,365
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$600,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$121,060
Participant contributions at end of year2017-12-31$73,511
Participant contributions at beginning of year2017-12-31$31,427
Assets. Loans (other than to participants) at end of year2017-12-31$0
Assets. Loans (other than to participants) at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$70,365
Total non interest bearing cash at end of year2017-12-31$1,620
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,761,482
Value of net assets at end of year (total assets less liabilities)2017-12-31$11,604,016
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,842,534
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in common/collective trusts at end of year2017-12-31$11,234,138
Value of interest in common/collective trusts at beginning of year2017-12-31$9,547,600
Net investment gain or loss from common/collective trusts2017-12-31$1,679,630
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$294,747
Employer contributions (assets) at end of year2017-12-31$294,747
Employer contributions (assets) at beginning of year2017-12-31$263,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$263,590
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MCMILLAN PATE & COMPANY LLP
Accountancy firm EIN2017-12-31561945391
2016 : HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,360,850
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$3,194,755
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,121,704
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$490,238
Value of total assets at end of year2016-12-31$9,842,534
Value of total assets at beginning of year2016-12-31$11,676,439
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$73,051
Total interest from all sources2016-12-31$1,299
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$600,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$226,053
Participant contributions at end of year2016-12-31$31,427
Participant contributions at beginning of year2016-12-31$32,213
Assets. Loans (other than to participants) at end of year2016-12-31$0
Assets. Loans (other than to participants) at beginning of year2016-12-31$53,300
Administrative expenses (other) incurred2016-12-31$73,051
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-1,833,905
Value of net assets at end of year (total assets less liabilities)2016-12-31$9,842,534
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$11,676,439
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Interest on participant loans2016-12-31$1,299
Value of interest in common/collective trusts at end of year2016-12-31$9,547,600
Value of interest in common/collective trusts at beginning of year2016-12-31$11,093,512
Net investment gain or loss from common/collective trusts2016-12-31$869,313
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$264,185
Employer contributions (assets) at end of year2016-12-31$263,507
Employer contributions (assets) at beginning of year2016-12-31$497,414
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,121,704
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MCMILLAN PATE & COMPANY LLP
Accountancy firm EIN2016-12-31561945391
2015 : HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,080,764
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$519,986
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$446,660
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,469,255
Value of total assets at end of year2015-12-31$11,676,439
Value of total assets at beginning of year2015-12-31$11,115,661
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$73,326
Total interest from all sources2015-12-31$3,330
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$600,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$407,488
Participant contributions at end of year2015-12-31$32,213
Assets. Loans (other than to participants) at end of year2015-12-31$53,300
Assets. Loans (other than to participants) at beginning of year2015-12-31$77,664
Administrative expenses (other) incurred2015-12-31$73,326
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$560,778
Value of net assets at end of year (total assets less liabilities)2015-12-31$11,676,439
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$11,115,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Interest on participant loans2015-12-31$3,330
Value of interest in common/collective trusts at end of year2015-12-31$11,093,512
Value of interest in common/collective trusts at beginning of year2015-12-31$11,037,997
Net investment gain or loss from common/collective trusts2015-12-31$-391,821
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,061,767
Employer contributions (assets) at end of year2015-12-31$497,414
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$446,660
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MCMILLAN PATE & COMPANY LLP
Accountancy firm EIN2015-12-31561945391

Form 5500 Responses for HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

2017: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: HORIZON FAMILY MEDICINE, P.A. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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