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SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameSOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 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
  • 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.

401k Sponsoring company profile

SOUTH BAY FAMILY MEDICAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH BAY FAMILY MEDICAL GROUP, INC.
Employer identification number (EIN):020553428
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01EFRAIN VALLADOLID2024-06-26 EFRAIN VALLADOLID2024-06-26
0012022-01-01EFRAIN VALLADOLID2023-04-17 EFRAIN VALLADOLID2023-04-17
0012021-01-01EFRAIN VALLADOLID2022-02-11 EFRAIN VALLADOLID2022-02-11
0012020-01-01EFRAIN VALLADOLID2021-05-19 EFRAIN VALLADOLID2021-05-19

Plan Statistics for SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025: SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year2025-07-289
Total number of particpants at end of year2025-07-2811
Number of Participants With Account Balances2025-07-2811
2024: SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-308
Total number of particpants at end of year2024-07-309
Number of Participants With Account Balances2024-07-309
2022: SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year2022-04-265
Total number of particpants at end of year2022-04-268
Number of Participants With Account Balances2022-04-268

Financial Data on SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-284664
Net assets as of the end of the plan year2025-07-28495867
Total assets as of the beginning of the plan year2025-07-28361136
Value of plan covered by a fidelity bond2025-07-2830000
Participant contributions to plan in this plan year2025-07-2833674
Other income to plan in this plan year2025-07-2845751
Plan net income in this plan year2025-07-28134731
Net assets as of the end of the plan year2025-07-28495867
Net assets as of the beginning of the plan year2025-07-28361136
Employer contributions to plan in this plan year2025-07-2859970
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-284664
2024 : SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-302853
Net assets as of the end of the plan year2024-07-30361136
Total assets as of the beginning of the plan year2024-07-30237717
Value of plan covered by a fidelity bond2024-07-3030000
Participant contributions to plan in this plan year2024-07-3039624
Other income to plan in this plan year2024-07-3030848
Plan net income in this plan year2024-07-30123419
Net assets as of the end of the plan year2024-07-30361136
Net assets as of the beginning of the plan year2024-07-30237717
Employer contributions to plan in this plan year2024-07-3055800
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-302853
2022 : SOUTH BAY FAMILY MEDICAL GROUP, INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-04-26307
Net assets as of the end of the plan year2022-04-26150783
Total assets as of the beginning of the plan year2022-04-2668798
Value of plan covered by a fidelity bond2022-04-2630000
Participant contributions to plan in this plan year2022-04-2631155
Other income to plan in this plan year2022-04-266
Plan net income in this plan year2022-04-2681985
Net assets as of the end of the plan year2022-04-26150783
Net assets as of the beginning of the plan year2022-04-2668798
Employer contributions to plan in this plan year2022-04-2651131

Potentially related plans

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