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MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN
Plan identification number 002

MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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.
  • 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.
  • 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

MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC.
Employer identification number (EIN):042602614
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-12-01ROBERT SHULMAN ROBERT SHULMAN2015-12-04
0022013-12-01ROBERT SHULMAN ROBERT SHULMAN2015-06-23
0022012-12-01ROBERT SHULMAN ROBERT SHULMAN2014-08-28
0022011-12-01ROBERT SHULMAN
0022011-06-01ROBERT SHULMAN
0022009-12-01ROBERT SHULMAN

Plan Statistics for MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN

401k plan membership statisitcs for MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN

Measure Date Value
2014: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-12-0112
Total number of active participants reported on line 7a of the Form 55002014-12-010
Number of retired or separated participants receiving benefits2014-12-010
Number of other retired or separated participants entitled to future benefits2014-12-010
Total of all active and inactive participants2014-12-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-12-010
Total participants2014-12-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-12-010
2013: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-12-0112
Total number of active participants reported on line 7a of the Form 55002013-12-0112
Number of retired or separated participants receiving benefits2013-12-010
Number of other retired or separated participants entitled to future benefits2013-12-010
Total of all active and inactive participants2013-12-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-12-010
Total participants2013-12-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-12-010
2012: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-12-0112
Total number of active participants reported on line 7a of the Form 55002012-12-0112
Number of retired or separated participants receiving benefits2012-12-010
Number of other retired or separated participants entitled to future benefits2012-12-010
Total of all active and inactive participants2012-12-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-12-010
Total participants2012-12-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-12-010
2011: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-12-0112
Total number of active participants reported on line 7a of the Form 55002011-12-0112
Number of retired or separated participants receiving benefits2011-12-010
Number of other retired or separated participants entitled to future benefits2011-12-010
Total of all active and inactive participants2011-12-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-12-010
Total participants2011-12-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-12-010
Total participants, beginning-of-year2011-06-0112
Total number of active participants reported on line 7a of the Form 55002011-06-0112
Number of retired or separated participants receiving benefits2011-06-010
Number of other retired or separated participants entitled to future benefits2011-06-010
Total of all active and inactive participants2011-06-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-06-010
Total participants2011-06-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-06-010
2009: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-12-0155
Total number of active participants reported on line 7a of the Form 55002009-12-0142
Number of retired or separated participants receiving benefits2009-12-010
Number of other retired or separated participants entitled to future benefits2009-12-0112
Total of all active and inactive participants2009-12-0154
Total participants2009-12-0154
Number of participants with account balances2009-12-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-12-010

Financial Data on MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN

Measure Date Value
2015 : MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-11-30$0
Total plan liabilities at end of year2015-11-30$0
Total plan liabilities at beginning of year2015-11-30$0
Total income from all sources2015-11-30$454,287
Expenses. Total of all expenses incurred2015-11-30$2,749,006
Benefits paid (including direct rollovers)2015-11-30$2,749,006
Total plan assets at end of year2015-11-30$0
Total plan assets at beginning of year2015-11-30$2,294,719
Value of fidelity bond covering the plan2015-11-30$0
Assets. Value of tangible personal property2015-11-30$0
Total contributions received or receivable from participants2015-11-30$0
Assets. Value of loans (other than to participants)2015-11-30$0
Expenses. Other expenses not covered elsewhere2015-11-30$0
Contributions received from other sources (not participants or employers)2015-11-30$0
Other income received2015-11-30$-713
Noncash contributions received2015-11-30$0
Net income (gross income less expenses)2015-11-30$-2,294,719
Net plan assets at end of year (total assets less liabilities)2015-11-30$0
Net plan assets at beginning of year (total assets less liabilities)2015-11-30$2,294,719
Assets. Value of participant loans2015-11-30$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2015-11-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2015-11-30$0
Assets. Value of assets in partnership/joint-venture interests2015-11-30$0
Assets. Value of real-estate (other than employer real property)2015-11-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022015-11-30$0
Assets. Value of employer securities2015-11-30$0
Assets. Value of employer real property2015-11-30$0
Total contributions received or receivable from employer(s)2015-11-30$455,000
Expenses. Administrative service providers (salaries,fees and commissions)2015-11-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-11-30$0
Funding deficiency by the employer to the plan for this plan year2015-11-30$0
Minimum employer required contribution for this plan year2015-11-30$455,000
Amount contributed by the employer to the plan for this plan year2015-11-30$455,000
2014 : MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-11-30$0
Total plan liabilities at end of year2014-11-30$0
Total plan liabilities at beginning of year2014-11-30$0
Total income from all sources2014-11-30$460,335
Expenses. Total of all expenses incurred2014-11-30$1,000
Benefits paid (including direct rollovers)2014-11-30$0
Total plan assets at end of year2014-11-30$2,294,719
Total plan assets at beginning of year2014-11-30$1,835,384
Value of fidelity bond covering the plan2014-11-30$0
Assets. Value of tangible personal property2014-11-30$0
Total contributions received or receivable from participants2014-11-30$0
Assets. Value of loans (other than to participants)2014-11-30$0
Expenses. Other expenses not covered elsewhere2014-11-30$0
Contributions received from other sources (not participants or employers)2014-11-30$0
Other income received2014-11-30$5,335
Noncash contributions received2014-11-30$0
Net income (gross income less expenses)2014-11-30$459,335
Net plan assets at end of year (total assets less liabilities)2014-11-30$2,294,719
Net plan assets at beginning of year (total assets less liabilities)2014-11-30$1,835,384
Assets. Value of participant loans2014-11-30$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2014-11-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2014-11-30$0
Assets. Value of assets in partnership/joint-venture interests2014-11-30$0
Assets. Value of real-estate (other than employer real property)2014-11-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-11-30$0
Assets. Value of employer securities2014-11-30$0
Assets. Value of employer real property2014-11-30$0
Total contributions received or receivable from employer(s)2014-11-30$455,000
Expenses. Administrative service providers (salaries,fees and commissions)2014-11-30$1,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-11-30$0
Funding deficiency by the employer to the plan for this plan year2014-11-30$0
Minimum employer required contribution for this plan year2014-11-30$455,000
Amount contributed by the employer to the plan for this plan year2014-11-30$455,000
2013 : MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-11-30$0
Total plan liabilities at end of year2013-11-30$0
Total plan liabilities at beginning of year2013-11-30$0
Total income from all sources2013-11-30$461,276
Expenses. Total of all expenses incurred2013-11-30$1,000
Benefits paid (including direct rollovers)2013-11-30$0
Total plan assets at end of year2013-11-30$1,835,384
Total plan assets at beginning of year2013-11-30$1,375,108
Value of fidelity bond covering the plan2013-11-30$0
Assets. Value of tangible personal property2013-11-30$0
Total contributions received or receivable from participants2013-11-30$0
Assets. Value of loans (other than to participants)2013-11-30$0
Expenses. Other expenses not covered elsewhere2013-11-30$0
Contributions received from other sources (not participants or employers)2013-11-30$0
Other income received2013-11-30$6,276
Noncash contributions received2013-11-30$0
Net income (gross income less expenses)2013-11-30$460,276
Net plan assets at end of year (total assets less liabilities)2013-11-30$1,835,384
Net plan assets at beginning of year (total assets less liabilities)2013-11-30$1,375,108
Assets. Value of participant loans2013-11-30$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2013-11-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2013-11-30$0
Assets. Value of assets in partnership/joint-venture interests2013-11-30$0
Assets. Value of real-estate (other than employer real property)2013-11-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-11-30$0
Assets. Value of employer securities2013-11-30$0
Assets. Value of employer real property2013-11-30$0
Total contributions received or receivable from employer(s)2013-11-30$455,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-11-30$1,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-11-30$0
Funding deficiency by the employer to the plan for this plan year2013-11-30$0
Minimum employer required contribution for this plan year2013-11-30$455,000
Amount contributed by the employer to the plan for this plan year2013-11-30$455,000
2012 : MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-11-30$0
Total plan liabilities at end of year2012-11-30$0
Total plan liabilities at beginning of year2012-11-30$0
Total income from all sources2012-11-30$1,180,208
Expenses. Total of all expenses incurred2012-11-30$166,399
Benefits paid (including direct rollovers)2012-11-30$82,419
Total plan assets at end of year2012-11-30$12,322,711
Total plan assets at beginning of year2012-11-30$11,308,902
Value of fidelity bond covering the plan2012-11-30$500,000
Assets. Value of tangible personal property2012-11-30$0
Total contributions received or receivable from participants2012-11-30$0
Assets. Value of loans (other than to participants)2012-11-30$0
Expenses. Other expenses not covered elsewhere2012-11-30$0
Contributions received from other sources (not participants or employers)2012-11-30$0
Other income received2012-11-30$1,180,208
Noncash contributions received2012-11-30$0
Net income (gross income less expenses)2012-11-30$1,013,809
Net plan assets at end of year (total assets less liabilities)2012-11-30$12,322,711
Net plan assets at beginning of year (total assets less liabilities)2012-11-30$11,308,902
Assets. Value of participant loans2012-11-30$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2012-11-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2012-11-30$0
Assets. Value of assets in partnership/joint-venture interests2012-11-30$0
Assets. Value of real-estate (other than employer real property)2012-11-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022012-11-30$0
Assets. Value of employer securities2012-11-30$0
Assets. Value of employer real property2012-11-30$0
Total contributions received or receivable from employer(s)2012-11-30$455,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-11-30$83,980
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-11-30$0
Funding deficiency by the employer to the plan for this plan year2012-11-30$0
Minimum employer required contribution for this plan year2012-11-30$455,000
Amount contributed by the employer to the plan for this plan year2012-11-30$455,000
2011 : MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-11-30$0
Total plan liabilities at end of year2011-11-30$0
Total plan liabilities at beginning of year2011-11-30$0
Total income from all sources2011-11-30$910,000
Expenses. Total of all expenses incurred2011-11-30$0
Benefits paid (including direct rollovers)2011-11-30$0
Total plan assets at end of year2011-11-30$910,000
Total plan assets at beginning of year2011-11-30$0
Value of fidelity bond covering the plan2011-11-30$0
Assets. Value of tangible personal property2011-11-30$0
Total contributions received or receivable from participants2011-11-30$0
Assets. Value of loans (other than to participants)2011-11-30$0
Expenses. Other expenses not covered elsewhere2011-11-30$0
Contributions received from other sources (not participants or employers)2011-11-30$0
Other income received2011-11-30$0
Noncash contributions received2011-11-30$0
Net income (gross income less expenses)2011-11-30$910,000
Net plan assets at end of year (total assets less liabilities)2011-11-30$910,000
Net plan assets at beginning of year (total assets less liabilities)2011-11-30$0
Assets. Value of participant loans2011-11-30$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2011-11-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2011-11-30$0
Assets. Value of assets in partnership/joint-venture interests2011-11-30$0
Assets. Value of real-estate (other than employer real property)2011-11-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-11-30$0
Assets. Value of employer securities2011-11-30$0
Assets. Value of employer real property2011-11-30$0
Total contributions received or receivable from employer(s)2011-11-30$910,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-11-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-11-30$0
Funding deficiency by the employer to the plan for this plan year2011-11-30$0
Minimum employer required contribution for this plan year2011-11-30$910,000
Amount contributed by the employer to the plan for this plan year2011-11-30$910,000

Form 5500 Responses for MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN

2014: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-12-01Type of plan entitySingle employer plan
2014-12-01This submission is the final filingYes
2014-12-01Plan funding arrangement – TrustYes
2014-12-01Plan benefit arrangement - TrustYes
2013: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-12-01Type of plan entitySingle employer plan
2013-12-01This submission is the final filingNo
2013-12-01Plan funding arrangement – TrustYes
2013-12-01Plan benefit arrangement - TrustYes
2012: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-12-01Type of plan entitySingle employer plan
2012-12-01This submission is the final filingNo
2012-12-01Plan funding arrangement – TrustYes
2012-12-01Plan benefit arrangement - TrustYes
2011: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-12-01Type of plan entitySingle employer plan
2011-12-01This submission is the final filingNo
2011-12-01Plan funding arrangement – TrustYes
2011-12-01Plan benefit arrangement - TrustYes
2011-06-01Type of plan entitySingle employer plan
2011-06-01First time form 5500 has been submittedYes
2011-06-01This submission is the final filingNo
2011-06-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-06-01Plan funding arrangement – TrustYes
2011-06-01Plan benefit arrangement - TrustYes
2009: MERRIMACK VALLEY CARDIOLOGY ASSOCIATES, INC. 401 (K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-12-01Type of plan entitySingle employer plan
2009-12-01Plan funding arrangement – TrustYes
2009-12-01Plan benefit arrangement - TrustYes

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