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NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 401k Plan overview

Plan NameNORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN
Plan identification number 007

NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.

401k Sponsoring company profile

NORWOOD CLINIC INC has sponsored the creation of one or more 401k plans.

Company Name:NORWOOD CLINIC INC
Employer identification number (EIN):630715625
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072023-01-01
0072022-01-01
0072021-01-01
0072020-01-01
0072019-01-01
0072018-01-01
0072017-01-01BENJAMIN SETH ATKINSON
0072016-01-01SETH ATKINSON
0072015-01-01SETH ATKINSON
0072014-01-01SETH ATKINSON
0072013-01-01SETH ATKINSON SETH ATKINSON2014-09-22
0072012-01-01SETH ATKINSON
0072011-01-01PLAN ADMINISTRATOR
0072009-01-01SETH ATKINSON

Plan Statistics for NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

401k plan membership statisitcs for NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

Measure Date Value
2023: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01122
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0112
Total of all active and inactive participants2023-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0112
Number of participants with account balances2023-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01186
Total number of active participants reported on line 7a of the Form 55002022-01-0142
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0180
Total of all active and inactive participants2022-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01122
Number of participants with account balances2022-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01182
Total number of active participants reported on line 7a of the Form 55002021-01-0177
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01111
Total of all active and inactive participants2021-01-01188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01189
Number of participants with account balances2021-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01178
Total number of active participants reported on line 7a of the Form 55002020-01-0185
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0190
Total of all active and inactive participants2020-01-01175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01177
Number of participants with account balances2020-01-01175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01192
Total number of active participants reported on line 7a of the Form 55002019-01-0188
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0188
Total of all active and inactive participants2019-01-01176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01177
Number of participants with account balances2019-01-01168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01179
Total number of active participants reported on line 7a of the Form 55002018-01-01100
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0185
Total of all active and inactive participants2018-01-01185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01185
Number of participants with account balances2018-01-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-015
2017: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01155
Total number of active participants reported on line 7a of the Form 55002017-01-01115
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0161
Total of all active and inactive participants2017-01-01176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01176
Number of participants with account balances2017-01-01175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01151
Total number of active participants reported on line 7a of the Form 55002016-01-0187
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0157
Total of all active and inactive participants2016-01-01144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01144
Number of participants with account balances2016-01-01144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01148
Total number of active participants reported on line 7a of the Form 55002015-01-0186
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0159
Total of all active and inactive participants2015-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01145
Number of participants with account balances2015-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01144
Total number of active participants reported on line 7a of the Form 55002014-01-0181
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0160
Total of all active and inactive participants2014-01-01141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01141
Number of participants with account balances2014-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01140
Total number of active participants reported on line 7a of the Form 55002013-01-0184
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0137
Total of all active and inactive participants2013-01-01121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01121
Number of participants with account balances2013-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01104
Total number of active participants reported on line 7a of the Form 55002012-01-0197
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0142
Total of all active and inactive participants2012-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01140
Number of participants with account balances2012-01-01140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01133
Total number of active participants reported on line 7a of the Form 55002011-01-0181
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0123
Total of all active and inactive participants2011-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01104
Number of participants with account balances2011-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2009: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01149
Total number of active participants reported on line 7a of the Form 55002009-01-01103
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0146
Total of all active and inactive participants2009-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01150
Number of participants with account balances2009-01-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

Measure Date Value
2023 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$685,365
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$25,050,776
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$25,007,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$69,472
Value of total assets at end of year2023-12-31$10,615
Value of total assets at beginning of year2023-12-31$24,376,026
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$43,693
Total interest from all sources2023-12-31$24,609
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$44,330
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$44,330
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$45,050
Participant contributions at end of year2023-12-31$6,867
Participant contributions at beginning of year2023-12-31$10,794
Assets. Other investments not covered elsewhere at end of year2023-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$1,153,909
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$50,002
Other income not declared elsewhere2023-12-31$16,228
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-24,365,411
Value of net assets at end of year (total assets less liabilities)2023-12-31$10,615
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$24,376,026
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$27,772
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$18,426,809
Interest earned on other investments2023-12-31$24,609
Value of interest in common/collective trusts at end of year2023-12-31$0
Value of interest in common/collective trusts at beginning of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$4,775,562
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$530,726
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$24,422
Employer contributions (assets) at end of year2023-12-31$3,748
Employer contributions (assets) at beginning of year2023-12-31$8,952
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$24,957,081
Contract administrator fees2023-12-31$15,921
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31Yes
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31KASSOUF & CO. INC.
Accountancy firm EIN2023-12-31630590670
2022 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,144,946
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,623,975
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,576,331
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$669,512
Value of total assets at end of year2022-12-31$24,376,026
Value of total assets at beginning of year2022-12-31$28,144,947
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$47,644
Total interest from all sources2022-12-31$77,187
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$468,809
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$468,809
Administrative expenses professional fees incurred2022-12-31$6,713
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$446,585
Participant contributions at end of year2022-12-31$10,794
Participant contributions at beginning of year2022-12-31$19,299
Assets. Other investments not covered elsewhere at end of year2022-12-31$1,153,909
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$998,153
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$-11,895
Other income not declared elsewhere2022-12-31$-107,642
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,768,921
Value of net assets at end of year (total assets less liabilities)2022-12-31$24,376,026
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$28,144,947
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$18,641
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$18,426,809
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$26,809,588
Interest earned on other investments2022-12-31$77,187
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$4,775,562
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,252,812
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$222,927
Employer contributions (assets) at end of year2022-12-31$8,952
Employer contributions (assets) at beginning of year2022-12-31$317,907
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,588,226
Contract administrator fees2022-12-31$22,290
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31KASSOUF & CO. INC.
Accountancy firm EIN2022-12-31630590670
2021 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,254,951
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$5,017,507
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$4,974,762
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$969,414
Value of total assets at end of year2021-12-31$28,144,947
Value of total assets at beginning of year2021-12-31$28,907,503
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$42,745
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,499,720
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,499,720
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$447,304
Participant contributions at end of year2021-12-31$19,299
Participant contributions at beginning of year2021-12-31$43,445
Assets. Other investments not covered elsewhere at end of year2021-12-31$998,153
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$3,488,391
Other income not declared elsewhere2021-12-31$340,635
Administrative expenses (other) incurred2021-12-31$42,745
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-762,556
Value of net assets at end of year (total assets less liabilities)2021-12-31$28,144,947
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$28,907,503
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$20,935,278
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$21,028,514
Value of interest in common/collective trusts at end of year2021-12-31$5,874,310
Value of interest in common/collective trusts at beginning of year2021-12-31$4,015,941
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,349,624
Net investment gain or loss from common/collective trusts2021-12-31$95,558
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$522,110
Employer contributions (assets) at end of year2021-12-31$317,907
Employer contributions (assets) at beginning of year2021-12-31$331,212
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$4,974,762
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31KASSOUF & CO. P.C.
Accountancy firm EIN2021-12-31630590670
2020 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$4,083,196
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,457,476
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,418,197
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$996,542
Value of total assets at end of year2020-12-31$28,907,503
Value of total assets at beginning of year2020-12-31$26,281,783
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$39,279
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$748,702
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$748,702
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$467,721
Participant contributions at end of year2020-12-31$43,445
Participant contributions at beginning of year2020-12-31$19,998
Assets. Other investments not covered elsewhere at end of year2020-12-31$3,488,391
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$2,725,440
Other income not declared elsewhere2020-12-31$798,874
Administrative expenses (other) incurred2020-12-31$39,279
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,625,720
Value of net assets at end of year (total assets less liabilities)2020-12-31$28,907,503
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$26,281,783
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$21,028,514
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$19,058,390
Value of interest in common/collective trusts at end of year2020-12-31$4,015,941
Value of interest in common/collective trusts at beginning of year2020-12-31$4,159,090
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,449,240
Net investment gain or loss from common/collective trusts2020-12-31$89,838
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$528,821
Employer contributions (assets) at end of year2020-12-31$331,212
Employer contributions (assets) at beginning of year2020-12-31$318,865
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,418,197
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2020-12-31630590670
2019 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$4,919,839
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,396,813
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,372,663
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$965,456
Value of total assets at end of year2019-12-31$26,281,783
Value of total assets at end of year2019-12-31$26,281,783
Value of total assets at beginning of year2019-12-31$22,758,757
Value of total assets at beginning of year2019-12-31$22,758,757
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$24,150
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,004,869
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,004,869
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$458,574
Contributions received from participants2019-12-31$458,574
Participant contributions at end of year2019-12-31$19,998
Participant contributions at end of year2019-12-31$19,998
Participant contributions at beginning of year2019-12-31$19,602
Participant contributions at beginning of year2019-12-31$19,602
Assets. Other investments not covered elsewhere at end of year2019-12-31$2,725,440
Assets. Other investments not covered elsewhere at end of year2019-12-31$2,725,440
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$1,997,203
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$1,997,203
Other income not declared elsewhere2019-12-31$673,038
Administrative expenses (other) incurred2019-12-31$24,150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,523,026
Value of net assets at end of year (total assets less liabilities)2019-12-31$26,281,783
Value of net assets at end of year (total assets less liabilities)2019-12-31$26,281,783
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$22,758,757
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$22,758,757
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,058,390
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,058,390
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$16,909,904
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$16,909,904
Value of interest in common/collective trusts at end of year2019-12-31$4,159,090
Value of interest in common/collective trusts at end of year2019-12-31$4,159,090
Value of interest in common/collective trusts at beginning of year2019-12-31$3,500,234
Value of interest in common/collective trusts at beginning of year2019-12-31$3,500,234
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,192,829
Net investment gain or loss from common/collective trusts2019-12-31$83,647
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$506,882
Contributions received in cash from employer2019-12-31$506,882
Employer contributions (assets) at end of year2019-12-31$318,865
Employer contributions (assets) at end of year2019-12-31$318,865
Employer contributions (assets) at beginning of year2019-12-31$331,814
Employer contributions (assets) at beginning of year2019-12-31$331,814
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,372,663
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2019-12-31630590670
2018 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$37,323
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,957,749
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,944,414
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$985,448
Value of total assets at end of year2018-12-31$22,758,757
Value of total assets at beginning of year2018-12-31$24,679,183
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$13,335
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,167,116
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,167,116
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$450,053
Participant contributions at end of year2018-12-31$19,602
Participant contributions at beginning of year2018-12-31$29,185
Assets. Other investments not covered elsewhere at end of year2018-12-31$1,997,203
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$2,117,946
Other income not declared elsewhere2018-12-31$-108,413
Administrative expenses (other) incurred2018-12-31$13,335
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,920,426
Value of net assets at end of year (total assets less liabilities)2018-12-31$22,758,757
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$24,679,183
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$16,909,904
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$18,874,910
Value of interest in common/collective trusts at end of year2018-12-31$3,500,234
Value of interest in common/collective trusts at beginning of year2018-12-31$3,299,177
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,069,175
Net investment gain or loss from common/collective trusts2018-12-31$62,347
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$535,395
Employer contributions (assets) at end of year2018-12-31$331,814
Employer contributions (assets) at beginning of year2018-12-31$357,965
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,944,414
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2018-12-31630590670
2017 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$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$3,758,381
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,152,509
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,139,824
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,021,562
Value of total assets at end of year2017-12-31$24,679,183
Value of total assets at beginning of year2017-12-31$22,073,311
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$12,685
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$979,415
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$979,415
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$433,383
Participant contributions at end of year2017-12-31$29,185
Participant contributions at beginning of year2017-12-31$25,938
Assets. Other investments not covered elsewhere at end of year2017-12-31$2,117,946
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$1,701,503
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$27,830
Other income not declared elsewhere2017-12-31$403,709
Administrative expenses (other) incurred2017-12-31$12,685
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$2,605,872
Value of net assets at end of year (total assets less liabilities)2017-12-31$24,679,183
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$22,073,311
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 registered invesment companies (eg mutual funds) at end of year2017-12-31$18,874,910
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$16,125,605
Value of interest in common/collective trusts at end of year2017-12-31$3,299,177
Value of interest in common/collective trusts at beginning of year2017-12-31$3,880,122
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,293,370
Net investment gain or loss from common/collective trusts2017-12-31$60,325
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$560,349
Employer contributions (assets) at end of year2017-12-31$357,965
Employer contributions (assets) at beginning of year2017-12-31$340,143
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,139,824
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 name2017-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2017-12-31630590670
2016 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$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$2,162,847
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$953,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$939,014
Value of total corrective distributions2016-12-31$2,142
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$952,212
Value of total assets at end of year2016-12-31$22,073,311
Value of total assets at beginning of year2016-12-31$20,864,179
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$12,559
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$632,128
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$632,128
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$404,002
Participant contributions at end of year2016-12-31$25,938
Participant contributions at beginning of year2016-12-31$15,380
Assets. Other investments not covered elsewhere at end of year2016-12-31$1,701,503
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$1,558,654
Other income not declared elsewhere2016-12-31$163,392
Administrative expenses (other) incurred2016-12-31$12,559
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$1,209,132
Value of net assets at end of year (total assets less liabilities)2016-12-31$22,073,311
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$20,864,179
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$16,125,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$14,547,566
Value of interest in common/collective trusts at end of year2016-12-31$3,880,122
Value of interest in common/collective trusts at beginning of year2016-12-31$4,318,320
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$389,160
Net investment gain or loss from common/collective trusts2016-12-31$25,955
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$548,210
Employer contributions (assets) at end of year2016-12-31$340,143
Employer contributions (assets) at beginning of year2016-12-31$424,259
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$939,014
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 name2016-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2016-12-31630590670
2015 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$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$924,622
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,223,133
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,206,298
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,075,458
Value of total assets at end of year2015-12-31$20,864,179
Value of total assets at beginning of year2015-12-31$21,162,690
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$16,835
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$857,106
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$857,106
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$426,186
Participant contributions at end of year2015-12-31$15,380
Participant contributions at beginning of year2015-12-31$62,382
Assets. Other investments not covered elsewhere at end of year2015-12-31$1,558,654
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$1,788,487
Other income not declared elsewhere2015-12-31$-45,957
Administrative expenses (other) incurred2015-12-31$16,835
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-298,511
Value of net assets at end of year (total assets less liabilities)2015-12-31$20,864,179
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$21,162,690
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$14,547,566
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$15,067,881
Value of interest in common/collective trusts at end of year2015-12-31$4,318,320
Value of interest in common/collective trusts at beginning of year2015-12-31$4,229,051
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-978,261
Net investment gain or loss from common/collective trusts2015-12-31$16,276
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 contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$649,272
Employer contributions (assets) at end of year2015-12-31$424,259
Employer contributions (assets) at beginning of year2015-12-31$14,889
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,206,298
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 name2015-12-31KASSOUF & CO., P.C.
Accountancy firm EIN2015-12-31630590670
2014 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,926,370
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,420,852
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,404,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,083,001
Value of total assets at end of year2014-12-31$21,162,690
Value of total assets at beginning of year2014-12-31$20,657,172
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$16,240
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,127,635
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,127,635
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$433,597
Participant contributions at end of year2014-12-31$62,382
Participant contributions at beginning of year2014-12-31$23,087
Assets. Other investments not covered elsewhere at end of year2014-12-31$1,788,487
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$1,419,330
Other income not declared elsewhere2014-12-31$131,085
Administrative expenses (other) incurred2014-12-31$16,240
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$505,518
Value of net assets at end of year (total assets less liabilities)2014-12-31$21,162,690
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$20,657,172
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$15,067,881
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$14,034,860
Value of interest in common/collective trusts at end of year2014-12-31$4,229,051
Value of interest in common/collective trusts at beginning of year2014-12-31$5,162,277
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-489,529
Net investment gain or loss from common/collective trusts2014-12-31$74,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$649,404
Employer contributions (assets) at end of year2014-12-31$14,889
Employer contributions (assets) at beginning of year2014-12-31$17,618
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,404,612
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MCGLADREY LLP
Accountancy firm EIN2014-12-31420714325
2013 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,955,624
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,306,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,290,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$921,337
Value of total assets at end of year2013-12-31$20,657,172
Value of total assets at beginning of year2013-12-31$19,008,239
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$16,306
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$605,856
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$605,856
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$357,948
Participant contributions at end of year2013-12-31$23,087
Participant contributions at beginning of year2013-12-31$11,471
Assets. Other investments not covered elsewhere at end of year2013-12-31$1,419,330
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$1,187,997
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$14,071
Other income not declared elsewhere2013-12-31$268,758
Administrative expenses (other) incurred2013-12-31$16,306
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,648,933
Value of net assets at end of year (total assets less liabilities)2013-12-31$20,657,172
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$19,008,239
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$14,034,860
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$12,031,939
Value of interest in common/collective trusts at end of year2013-12-31$5,162,277
Value of interest in common/collective trusts at beginning of year2013-12-31$5,768,151
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,012,674
Net investment gain or loss from common/collective trusts2013-12-31$146,999
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$549,318
Employer contributions (assets) at end of year2013-12-31$17,618
Employer contributions (assets) at beginning of year2013-12-31$8,681
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,290,385
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31SELLERS, RICHARDSON, HOLMAN & W
Accountancy firm EIN2013-12-31262732677
2012 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,484,446
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,964,045
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,962,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$911,449
Value of total assets at end of year2012-12-31$19,008,239
Value of total assets at beginning of year2012-12-31$18,487,838
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$1,178
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$396,685
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$396,685
Administrative expenses professional fees incurred2012-12-31$750
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$360,274
Participant contributions at end of year2012-12-31$11,471
Participant contributions at beginning of year2012-12-31$16,733
Assets. Other investments not covered elsewhere at end of year2012-12-31$1,187,997
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$1,083,124
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$5,001
Other income not declared elsewhere2012-12-31$114,753
Administrative expenses (other) incurred2012-12-31$428
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$520,401
Value of net assets at end of year (total assets less liabilities)2012-12-31$19,008,239
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$18,487,838
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$12,031,939
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$10,644,513
Value of interest in common/collective trusts at end of year2012-12-31$5,768,151
Value of interest in common/collective trusts at beginning of year2012-12-31$6,678,563
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$935,645
Net investment gain or loss from common/collective trusts2012-12-31$125,914
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$546,174
Employer contributions (assets) at end of year2012-12-31$8,681
Employer contributions (assets) at beginning of year2012-12-31$64,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,962,867
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31SELLERS, RICHARDSON, HOLMAN & W
Accountancy firm EIN2012-12-31262732677
2011 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$826,595
Total of all expenses incurred2011-12-31$1,785,185
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,748,646
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$922,823
Value of total assets at end of year2011-12-31$18,487,838
Value of total assets at beginning of year2011-12-31$19,446,428
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$36,539
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$264,593
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$264,593
Administrative expenses professional fees incurred2011-12-31$36,539
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$312,366
Participant contributions at end of year2011-12-31$16,733
Participant contributions at beginning of year2011-12-31$21,128
Assets. Other investments not covered elsewhere at end of year2011-12-31$1,083,124
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$54,127
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$66,959
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-958,590
Value of net assets at end of year (total assets less liabilities)2011-12-31$18,487,838
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$19,446,428
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$10,644,513
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$10,935,907
Value of interest in common/collective trusts at end of year2011-12-31$6,678,563
Value of interest in common/collective trusts at beginning of year2011-12-31$8,271,582
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$100,180
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$100,180
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-275,608
Net investment gain or loss from common/collective trusts2011-12-31$-85,213
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$543,498
Employer contributions (assets) at end of year2011-12-31$64,905
Employer contributions (assets) at beginning of year2011-12-31$63,504
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,748,646
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31SELLERS, RICHARDSON, HOLMAN & WEST
Accountancy firm EIN2011-12-31262732677
2010 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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$0
Total income from all sources (including contributions)2010-12-31$-2,523,396
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$4,387,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,283,232
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$694,436
Value of total assets at end of year2010-12-31$19,150,188
Value of total assets at beginning of year2010-12-31$26,060,867
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$104,051
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$405,929
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$405,929
Administrative expenses professional fees incurred2010-12-31$104,051
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$122,478
Participant contributions at end of year2010-12-31$21,128
Participant contributions at beginning of year2010-12-31$6,843
Assets. Other investments not covered elsewhere at end of year2010-12-31$1,038,159
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$165,761
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$187,972
Other income not declared elsewhere2010-12-31$-6,680,406
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$37,277
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-6,910,679
Value of net assets at end of year (total assets less liabilities)2010-12-31$19,150,188
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$26,060,867
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 registered invesment companies (eg mutual funds) at end of year2010-12-31$10,052,055
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$19,310,783
Value of interest in common/collective trusts at end of year2010-12-31$8,059,974
Value of interest in common/collective trusts at beginning of year2010-12-31$6,422,716
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$100,180
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$83,957
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$83,957
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$20
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$2,748,116
Net investment gain or loss from common/collective trusts2010-12-31$308,529
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$571,958
Employer contributions (assets) at end of year2010-12-31$63,504
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,283,232
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$33,530
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 name2010-12-31SELLERS, RICHARDSON, HOLMAN & WEST
Accountancy firm EIN2010-12-31262732677
2009 : NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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 NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

2023: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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
2014: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NORWOOD CLINIC, INC. 401(K) PROFIT SHARING RETIREMENT PLAN 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 1
Insurance contract or identification number467968
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $799
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 1
Insurance contract or identification number467968
Number of Individuals Covered122
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,825
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees1825
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3

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