401k Plan data: CIRTEC MEDICAL CORPORATION 401(K) PLAN plan

CIRTEC MEDICAL CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	CIRTEC MEDICAL CORPORATION 401(K) PLAN
Plan identification number	002

CIRTEC MEDICAL CORPORATION 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CIRTEC MEDICAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: CIRTEC MEDICAL CORPORATION

Employer identification number (EIN): 852716261

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CIRTEC MEDICAL CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 ED PHILBIN 2024-10-09
002 2022-01-01 LAURA MURPHY-WOLF 2023-10-09
002 2021-01-01 LAURA MURPHY-WOLF 2022-10-10
002 2020-01-01 LAURA MURPHY-WOLF 2021-09-23

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01	ED PHILBIN	2024-10-09
002	2022-01-01	LAURA MURPHY-WOLF	2023-10-09
002	2021-01-01	LAURA MURPHY-WOLF	2022-10-10
002	2020-01-01	LAURA MURPHY-WOLF	2021-09-23

Plan Statistics for CIRTEC MEDICAL CORPORATION 401(K) PLAN

401k plan membership statisitcs for CIRTEC MEDICAL CORPORATION 401(K) PLAN

Measure Date Value
2023: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 1,196
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 1,389
Number of retired or separated participants receiving benefits 2023-01-01 19
Number of other retired or separated participants entitled to future benefits 2023-01-01 321
Total of all active and inactive participants 2023-01-01 1,729
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 1,729
Number of participants with account balances 2023-01-01 1,691
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 241
2022: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 1,008
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 820
Number of retired or separated participants receiving benefits 2022-01-01 14
Number of other retired or separated participants entitled to future benefits 2022-01-01 298
Total of all active and inactive participants 2022-01-01 1,132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 1,132
Number of participants with account balances 2022-01-01 1,058
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 186
2021: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 1,061
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 695
Number of retired or separated participants receiving benefits 2021-01-01 13
Number of other retired or separated participants entitled to future benefits 2021-01-01 262
Total of all active and inactive participants 2021-01-01 970
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 970
Number of participants with account balances 2021-01-01 923
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 223
2020: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 809
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 720
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 302
Total of all active and inactive participants 2020-01-01 1,022
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 1,022
Number of participants with account balances 2020-01-01 962
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 151

Measure	Date	Value
2023: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	1,196
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	1,389
Number of retired or separated participants receiving benefits	2023-01-01	19
Number of other retired or separated participants entitled to future benefits	2023-01-01	321
Total of all active and inactive participants	2023-01-01	1,729
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	1,729
Number of participants with account balances	2023-01-01	1,691
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	241
2022: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	1,008
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	820
Number of retired or separated participants receiving benefits	2022-01-01	14
Number of other retired or separated participants entitled to future benefits	2022-01-01	298
Total of all active and inactive participants	2022-01-01	1,132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	1,132
Number of participants with account balances	2022-01-01	1,058
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	186
2021: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	1,061
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	695
Number of retired or separated participants receiving benefits	2021-01-01	13
Number of other retired or separated participants entitled to future benefits	2021-01-01	262
Total of all active and inactive participants	2021-01-01	970
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	970
Number of participants with account balances	2021-01-01	923
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	223
2020: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	809
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	720
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	302
Total of all active and inactive participants	2020-01-01	1,022
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	1,022
Number of participants with account balances	2020-01-01	962
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	151

Financial Data on CIRTEC MEDICAL CORPORATION 401(K) PLAN

Measure	Date	Value
2023 : CIRTEC MEDICAL CORPORATION 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$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	$16,085,947
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$3,809,713
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$3,563,159
Expenses. Certain deemed distributions of participant loans	2023-12-31	$62,406
Value of total corrective distributions	2023-12-31	$18,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$10,355,278
Value of total assets at end of year	2023-12-31	$41,365,187
Value of total assets at beginning of year	2023-12-31	$29,088,953
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$165,777
Total interest from all sources	2023-12-31	$49,179
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$6,247,014
Participant contributions at end of year	2023-12-31	$1,060,913
Participant contributions at beginning of year	2023-12-31	$805,400
Participant contributions at end of year	2023-12-31	$270,622
Participant contributions at beginning of year	2023-12-31	$150,123
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$1,869,285
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$0
Other income not declared elsewhere	2023-12-31	$14,853
Administrative expenses (other) incurred	2023-12-31	$27,222
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$12,276,234
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$41,365,187
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$29,088,953
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$85,293
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$38,376,189
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$26,650,151
Value of interest in pooled separate accounts at end of year	2023-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$0
Interest on participant loans	2023-12-31	$49,179
Value of interest in master investment trust accounts at end of year	2023-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2023-12-31	$0
Value of interest in common/collective trusts at end of year	2023-12-31	$0
Value of interest in common/collective trusts at beginning of year	2023-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2023-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2023-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$1,557,785
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$1,432,600
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$5,666,637
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$2,238,979
Employer contributions (assets) at end of year	2023-12-31	$99,678
Employer contributions (assets) at beginning of year	2023-12-31	$50,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$3,563,159
Contract administrator fees	2023-12-31	$53,262
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	CROWE LLP
Accountancy firm EIN	2023-12-31	350921680
Total unrealized appreciation/depreciation of assets	2023-01-01	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$0
Total income from all sources (including contributions)	2023-01-01	$16,085,947
Total loss/gain on sale of assets	2023-01-01	$0
Total of all expenses incurred	2023-01-01	$3,809,713
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-01-01	$3,563,159
Expenses. Certain deemed distributions of participant loans	2023-01-01	$62,406
Value of total corrective distributions	2023-01-01	$18,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-01-01	$10,355,278
Value of total assets at end of year	2023-01-01	$41,365,187
Value of total assets at beginning of year	2023-01-01	$29,088,953
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-01-01	$165,777
Total interest from all sources	2023-01-01	$49,179
Total dividends received (eg from common stock, registered investment company shares)	2023-01-01	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-01-01	No
Was this plan covered by a fidelity bond	2023-01-01	Yes
Value of fidelity bond cover	2023-01-01	$500,000
If this is an individual account plan, was there a blackout period	2023-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2023-01-01	No
Contributions received from participants	2023-01-01	$6,247,014
Participant contributions at end of year	2023-01-01	$1,060,913
Participant contributions at beginning of year	2023-01-01	$805,400
Participant contributions at end of year	2023-01-01	$270,622
Participant contributions at beginning of year	2023-01-01	$150,123
Income. Received or receivable in cash from other sources (including rollovers)	2023-01-01	$1,869,285
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-01-01	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-01-01	$0
Other income not declared elsewhere	2023-01-01	$14,853
Administrative expenses (other) incurred	2023-01-01	$27,222
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Value of net income/loss	2023-01-01	$12,276,234
Value of net assets at end of year (total assets less liabilities)	2023-01-01	$41,365,187
Value of net assets at beginning of year (total assets less liabilities)	2023-01-01	$29,088,953
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-01-01	No
Were any leases to which the plan was party in default or uncollectible	2023-01-01	No
Investment advisory and management fees	2023-01-01	$85,293
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-01-01	$38,376,189
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-01-01	$26,650,151
Value of interest in pooled separate accounts at end of year	2023-01-01	$0
Value of interest in pooled separate accounts at beginning of year	2023-01-01	$0
Interest on participant loans	2023-01-01	$49,179
Value of interest in master investment trust accounts at end of year	2023-01-01	$0
Value of interest in master investment trust accounts at beginning of year	2023-01-01	$0
Value of interest in common/collective trusts at end of year	2023-01-01	$0
Value of interest in common/collective trusts at beginning of year	2023-01-01	$0
Assets. Value of investments in 103.12 investment entities at end of year	2023-01-01	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2023-01-01	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-01-01	$1,557,785
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-01-01	$1,432,600
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-01-01	$5,666,637
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-01-01	No
Was there a failure to transmit to the plan any participant contributions	2023-01-01	Yes
Has the plan failed to provide any benefit when due under the plan	2023-01-01	No
Contributions received in cash from employer	2023-01-01	$2,238,979
Employer contributions (assets) at end of year	2023-01-01	$99,678
Employer contributions (assets) at beginning of year	2023-01-01	$50,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-01-01	$3,563,159
Contract administrator fees	2023-01-01	$53,262
Did the plan have assets held for investment	2023-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-01-01	No
Opinion of an independent qualified public accountant for this plan	2023-01-01	1
Accountancy firm name	2023-01-01	CROWE LLP
Accountancy firm EIN	2023-01-01	350921680
2022 : CIRTEC MEDICAL CORPORATION 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$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	$1,023,074
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$3,164,207
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$2,960,192
Expenses. Certain deemed distributions of participant loans	2022-12-31	$5,277
Value of total corrective distributions	2022-12-31	$59,841
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$6,281,548
Value of total assets at end of year	2022-12-31	$29,088,953
Value of total assets at beginning of year	2022-12-31	$31,230,086
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$138,897
Total interest from all sources	2022-12-31	$26,430
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$69,009
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
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	$3,894,805
Participant contributions at end of year	2022-12-31	$805,400
Participant contributions at beginning of year	2022-12-31	$670,936
Participant contributions at end of year	2022-12-31	$150,123
Participant contributions at beginning of year	2022-12-31	$126,866
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$1,114,711
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Other income not declared elsewhere	2022-12-31	$13,661
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	$-2,141,133
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$29,088,953
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$31,230,086
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
Investment advisory and management fees	2022-12-31	$32,872
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$26,650,151
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$29,101,790
Value of interest in pooled separate accounts at end of year	2022-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$0
Interest on participant loans	2022-12-31	$26,430
Value of interest in master investment trust accounts at end of year	2022-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2022-12-31	$0
Value of interest in common/collective trusts at end of year	2022-12-31	$0
Value of interest in common/collective trusts at beginning of year	2022-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2022-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2022-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$1,432,600
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,290,228
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-5,298,565
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	$1,272,032
Employer contributions (assets) at end of year	2022-12-31	$50,679
Employer contributions (assets) at beginning of year	2022-12-31	$40,266
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$2,960,192
Contract administrator fees	2022-12-31	$37,016
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	CROWE LLP
Accountancy firm EIN	2022-12-31	350921680
Total unrealized appreciation/depreciation of assets	2022-01-01	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$0
Total income from all sources (including contributions)	2022-01-01	$1,023,074
Total loss/gain on sale of assets	2022-01-01	$0
Total of all expenses incurred	2022-01-01	$3,164,207
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-01-01	$2,960,192
Expenses. Certain deemed distributions of participant loans	2022-01-01	$5,277
Value of total corrective distributions	2022-01-01	$59,841
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-01-01	$6,281,548
Value of total assets at end of year	2022-01-01	$29,088,953
Value of total assets at beginning of year	2022-01-01	$31,230,086
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-01-01	$138,897
Total interest from all sources	2022-01-01	$26,430
Total dividends received (eg from common stock, registered investment company shares)	2022-01-01	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-01-01	No
Administrative expenses professional fees incurred	2022-01-01	$69,009
Was this plan covered by a fidelity bond	2022-01-01	Yes
Value of fidelity bond cover	2022-01-01	$500,000
If this is an individual account plan, was there a blackout period	2022-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2022-01-01	No
Contributions received from participants	2022-01-01	$3,894,805
Participant contributions at end of year	2022-01-01	$805,400
Participant contributions at beginning of year	2022-01-01	$670,936
Participant contributions at end of year	2022-01-01	$150,123
Participant contributions at beginning of year	2022-01-01	$126,866
Income. Received or receivable in cash from other sources (including rollovers)	2022-01-01	$1,114,711
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-01-01	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-01-01	$0
Other income not declared elsewhere	2022-01-01	$13,661
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Value of net income/loss	2022-01-01	$-2,141,133
Value of net assets at end of year (total assets less liabilities)	2022-01-01	$29,088,953
Value of net assets at beginning of year (total assets less liabilities)	2022-01-01	$31,230,086
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-01-01	No
Were any leases to which the plan was party in default or uncollectible	2022-01-01	No
Investment advisory and management fees	2022-01-01	$32,872
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-01-01	$26,650,151
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-01-01	$29,101,790
Value of interest in pooled separate accounts at end of year	2022-01-01	$0
Value of interest in pooled separate accounts at beginning of year	2022-01-01	$0
Interest on participant loans	2022-01-01	$26,430
Value of interest in master investment trust accounts at end of year	2022-01-01	$0
Value of interest in master investment trust accounts at beginning of year	2022-01-01	$0
Value of interest in common/collective trusts at end of year	2022-01-01	$0
Value of interest in common/collective trusts at beginning of year	2022-01-01	$0
Assets. Value of investments in 103.12 investment entities at end of year	2022-01-01	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2022-01-01	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-01-01	$1,432,600
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-01-01	$1,290,228
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-01-01	$-5,298,565
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-01-01	No
Was there a failure to transmit to the plan any participant contributions	2022-01-01	Yes
Has the plan failed to provide any benefit when due under the plan	2022-01-01	No
Contributions received in cash from employer	2022-01-01	$1,272,032
Employer contributions (assets) at end of year	2022-01-01	$50,679
Employer contributions (assets) at beginning of year	2022-01-01	$40,266
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-01-01	$2,960,192
Contract administrator fees	2022-01-01	$37,016
Did the plan have assets held for investment	2022-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-01-01	No
Opinion of an independent qualified public accountant for this plan	2022-01-01	1
Accountancy firm name	2022-01-01	CROWE LLP
Accountancy firm EIN	2022-01-01	350921680
2021 : CIRTEC MEDICAL CORPORATION 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$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	$9,629,539
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$4,671,319
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$4,444,534
Value of total corrective distributions	2021-12-31	$21,604
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$6,165,604
Value of total assets at end of year	2021-12-31	$31,230,086
Value of total assets at beginning of year	2021-12-31	$26,271,866
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$205,181
Total interest from all sources	2021-12-31	$21,902
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$26,025
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
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	$3,415,141
Participant contributions at end of year	2021-12-31	$670,936
Participant contributions at beginning of year	2021-12-31	$704,036
Participant contributions at end of year	2021-12-31	$126,866
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$1,667,628
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$784,499
Other income not declared elsewhere	2021-12-31	$24,751
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	$4,958,220
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$31,230,086
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$26,271,866
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
Investment advisory and management fees	2021-12-31	$67,853
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$29,101,790
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$23,755,028
Value of interest in pooled separate accounts at end of year	2021-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$0
Interest on participant loans	2021-12-31	$21,902
Value of interest in master investment trust accounts at end of year	2021-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2021-12-31	$0
Value of interest in common/collective trusts at end of year	2021-12-31	$0
Value of interest in common/collective trusts at beginning of year	2021-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2021-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$1,290,228
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$1,028,303
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$3,417,282
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	$1,082,835
Employer contributions (assets) at end of year	2021-12-31	$40,266
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$4,444,534
Contract administrator fees	2021-12-31	$111,303
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	CROWE LLP
Accountancy firm EIN	2021-12-31	350921680
2020 : CIRTEC MEDICAL CORPORATION 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$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	$8,583,174
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$2,756,682
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$2,605,147
Value of total corrective distributions	2020-12-31	$35,094
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$5,207,938
Value of total assets at end of year	2020-12-31	$26,271,866
Value of total assets at beginning of year	2020-12-31	$20,445,374
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$116,441
Total interest from all sources	2020-12-31	$27,330
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$11,528
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
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	$3,292,894
Participant contributions at end of year	2020-12-31	$704,036
Participant contributions at beginning of year	2020-12-31	$452,156
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$788,146
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$784,499
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$2,885,069
Other income not declared elsewhere	2020-12-31	$-15,752
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	$5,826,492
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$26,271,866
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$20,445,374
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
Investment advisory and management fees	2020-12-31	$43,179
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$23,755,028
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$16,572,103
Value of interest in pooled separate accounts at end of year	2020-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$0
Interest on participant loans	2020-12-31	$27,330
Value of interest in master investment trust accounts at end of year	2020-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2020-12-31	$0
Value of interest in common/collective trusts at end of year	2020-12-31	$0
Value of interest in common/collective trusts at beginning of year	2020-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2020-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,028,303
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$536,046
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$3,363,658
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	$1,126,898
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$2,605,147
Contract administrator fees	2020-12-31	$61,734
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	Yes
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	Disclaimer
Accountancy firm name	2020-12-31	CROWE LLP
Accountancy firm EIN	2020-12-31	350921680

Form 5500 Responses for CIRTEC MEDICAL CORPORATION 401(K) PLAN

2023: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CIRTEC MEDICAL CORPORATION 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

811424

Policy instance

Insurance contract or identification number	811424
Number of Individuals Covered	1691
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
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 plan	No
Contracts With Unallocated Funds Deposit Administration	1
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?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

811424

Policy instance

Insurance contract or identification number	811424
Number of Individuals Covered	1132
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
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 plan	No
Contracts With Unallocated Funds Deposit Administration	1
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?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

811424

Policy instance

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

811424

Policy instance

Potentially related plans

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Company Name:	CIRTEC MEDICAL CORPORATION
Employer identification number (EIN):	852716261
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)