401k Plan data: MIDLAND HEALTH MEP 401(K) PLAN plan

MIDLAND HEALTH MEP 401(K) PLAN 401k Plan overview

Plan Name	MIDLAND HEALTH MEP 401(K) PLAN
Plan identification number	002

MIDLAND HEALTH MEP 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

PREMIER FAMILY CARE I INC has sponsored the creation of one or more 401k plans.

Company Name: PREMIER FAMILY CARE I INC

Employer identification number (EIN): 752656723

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDLAND HEALTH MEP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01 MILLIE NAVARRETE 2020-10-09

Plan Statistics for MIDLAND HEALTH MEP 401(K) PLAN

401k plan membership statisitcs for MIDLAND HEALTH MEP 401(K) PLAN

Measure Date Value
2022: MIDLAND HEALTH MEP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 215
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 204
Number of retired or separated participants receiving benefits 2022-01-01 2
Number of other retired or separated participants entitled to future benefits 2022-01-01 63
Total of all active and inactive participants 2022-01-01 269
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 270
Number of participants with account balances 2022-01-01 186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 6
2021: MIDLAND HEALTH MEP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 246
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 185
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 28
Total of all active and inactive participants 2021-01-01 214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 215
Number of participants with account balances 2021-01-01 88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4
2020: MIDLAND HEALTH MEP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 221
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 199
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 46
Total of all active and inactive participants 2020-01-01 245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 246
Number of participants with account balances 2020-01-01 187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2

Measure	Date	Value
2022: MIDLAND HEALTH MEP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	215
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	204
Number of retired or separated participants receiving benefits	2022-01-01	2
Number of other retired or separated participants entitled to future benefits	2022-01-01	63
Total of all active and inactive participants	2022-01-01	269
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	270
Number of participants with account balances	2022-01-01	186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	6
2021: MIDLAND HEALTH MEP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	246
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	185
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	28
Total of all active and inactive participants	2021-01-01	214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	215
Number of participants with account balances	2021-01-01	88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4
2020: MIDLAND HEALTH MEP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	221
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	199
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	46
Total of all active and inactive participants	2020-01-01	245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	246
Number of participants with account balances	2020-01-01	187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2

Financial Data on MIDLAND HEALTH MEP 401(K) PLAN

Measure	Date	Value
2022 : MIDLAND HEALTH MEP 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-979,090
Total of all expenses incurred	2022-12-31	$658,634
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$653,546
Value of total corrective distributions	2022-12-31	$242
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$881,736
Value of total assets at end of year	2022-12-31	$12,100,095
Value of total assets at beginning of year	2022-12-31	$13,737,819
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$4,846
Total interest from all sources	2022-12-31	$46,646
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$205,807
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$205,807
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$623,799
Participant contributions at end of year	2022-12-31	$152,066
Participant contributions at beginning of year	2022-12-31	$97,785
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$30,781
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$23,158
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$90
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$206
Administrative expenses (other) incurred	2022-12-31	$4,846
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,637,724
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$12,100,095
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$13,737,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$9,988,702
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$11,598,093
Interest on participant loans	2022-12-31	$4,942
Interest earned on other investments	2022-12-31	$41,704
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$1,959,237
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,995,918
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-2,113,279
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$234,779
Employer contributions (assets) at end of year	2022-12-31	$0
Employer contributions (assets) at beginning of year	2022-12-31	$15,036
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$653,546
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	No
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	WEAVER & TIDWELL, L.L.P.
Accountancy firm EIN	2022-12-31	750786316
2021 : MIDLAND HEALTH MEP 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$2,373,714
Total of all expenses incurred	2021-12-31	$1,383,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,377,157
Expenses. Certain deemed distributions of participant loans	2021-12-31	$2,053
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,134,018
Value of total assets at end of year	2021-12-31	$13,737,819
Value of total assets at beginning of year	2021-12-31	$12,747,208
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$3,893
Total interest from all sources	2021-12-31	$46,449
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$200,930
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$200,930
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$643,838
Participant contributions at end of year	2021-12-31	$97,785
Participant contributions at beginning of year	2021-12-31	$25,883
Participant contributions at end of year	2021-12-31	$30,781
Participant contributions at beginning of year	2021-12-31	$30,940
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$164,766
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$206
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$134
Administrative expenses (other) incurred	2021-12-31	$3,893
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$990,611
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$13,737,819
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$12,747,208
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$11,598,093
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$10,720,561
Interest on participant loans	2021-12-31	$2,772
Interest earned on other investments	2021-12-31	$43,677
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$1,995,918
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$1,960,276
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$992,317
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$325,414
Employer contributions (assets) at end of year	2021-12-31	$15,036
Employer contributions (assets) at beginning of year	2021-12-31	$9,414
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,377,157
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2021-12-31	No
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	WEAVER & TIDWELL, L.L.P.
Accountancy firm EIN	2021-12-31	750786316
2020 : MIDLAND HEALTH MEP 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$2,450,404
Total of all expenses incurred	2020-12-31	$994,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$979,979
Expenses. Certain deemed distributions of participant loans	2020-12-31	$2,547
Value of total corrective distributions	2020-12-31	$8,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$931,230
Value of total assets at end of year	2020-12-31	$12,747,208
Value of total assets at beginning of year	2020-12-31	$11,291,352
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$3,353
Total interest from all sources	2020-12-31	$46,683
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$177,329
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$177,329
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$619,356
Participant contributions at end of year	2020-12-31	$25,883
Participant contributions at beginning of year	2020-12-31	$17,278
Participant contributions at end of year	2020-12-31	$30,940
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$19,304
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$134
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$0
Administrative expenses (other) incurred	2020-12-31	$3,353
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,455,856
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$12,747,208
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$11,291,352
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$10,720,561
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$9,468,385
Interest on participant loans	2020-12-31	$1,340
Interest earned on other investments	2020-12-31	$45,343
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,960,276
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$1,805,689
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,295,162
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$292,570
Employer contributions (assets) at end of year	2020-12-31	$9,414
Employer contributions (assets) at beginning of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$979,979
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	No
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	WEAVER & TIDWELL, L.L.P.
Accountancy firm EIN	2020-12-31	750786316

Form 5500 Responses for MIDLAND HEALTH MEP 401(K) PLAN

2022: MIDLAND HEALTH MEP 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: MIDLAND HEALTH MEP 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Mulitple employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MIDLAND HEALTH MEP 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Mulitple employer plan
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

QK63141

Policy instance

Insurance contract or identification number	QK63141
Number of Individuals Covered	186
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

QK63141

Policy instance

Insurance contract or identification number	QK63141
Number of Individuals Covered	88
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

QK63141

Policy instance

Insurance contract or identification number	QK63141
Number of Individuals Covered	187
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

MIDLAND HEALTH 401(K) PLAN [EIN = 392034527]

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Company Name:	PREMIER FAMILY CARE I INC
Employer identification number (EIN):	752656723
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)