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NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 401k Plan overview

Plan NameNEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV
Plan identification number 006

NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NEW YORK THERAPY PLACEMENT SERVICES INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK THERAPY PLACEMENT SERVICES INC.
Employer identification number (EIN):113139640
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062022-01-01BARBARA JOHNSTON2023-10-04
0062021-01-01BARBARA JOHNSTON2022-10-13
0062020-01-01
0062019-01-01
0062018-12-30

Plan Statistics for NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV

401k plan membership statisitcs for NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV

Measure Date Value
2020: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2020 401k membership
Total participants, beginning-of-year2020-01-0160
Total number of active participants reported on line 7a of the Form 55002020-01-0148
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0153
Number of participants with account balances2020-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2019 401k membership
Total participants, beginning-of-year2019-01-0157
Total number of active participants reported on line 7a of the Form 55002019-01-0155
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0158
Number of participants with account balances2019-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2018 401k membership
Total participants, beginning-of-year2018-12-3055
Total number of active participants reported on line 7a of the Form 55002018-12-3052
Number of retired or separated participants receiving benefits2018-12-300
Number of other retired or separated participants entitled to future benefits2018-12-303
Total of all active and inactive participants2018-12-3055
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-12-300
Total participants2018-12-3055
Number of participants with account balances2018-12-3038
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-12-300

Financial Data on NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV

Measure Date Value
2020 : NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2020 401k financial data
Total income from all sources2020-12-31$876,566
Expenses. Total of all expenses incurred2020-12-31$189,177
Benefits paid (including direct rollovers)2020-12-31$95,032
Total plan assets at end of year2020-12-31$5,711,926
Total plan assets at beginning of year2020-12-31$5,024,537
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$218,297
Contributions received from other sources (not participants or employers)2020-12-31$1,370
Other income received2020-12-31$656,899
Net income (gross income less expenses)2020-12-31$687,389
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,711,926
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,024,537
Assets. Value of participant loans2020-12-31$39,477
Value of corrective distributions2020-12-31$36,598
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$57,547
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2019 401k financial data
Total plan liabilities at beginning of year2019-12-31$16,204
Total income from all sources2019-12-31$1,021,540
Expenses. Total of all expenses incurred2019-12-31$59,493
Benefits paid (including direct rollovers)2019-12-31$14,470
Total plan assets at end of year2019-12-31$5,024,537
Total plan assets at beginning of year2019-12-31$4,078,694
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$209,594
Other income received2019-12-31$810,042
Net income (gross income less expenses)2019-12-31$962,047
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,024,537
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,062,490
Assets. Value of participant loans2019-12-31$56,926
Total contributions received or receivable from employer(s)2019-12-31$1,904
Value of certain deemed distributions of participant loans2019-12-31$1,064
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$43,959
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2018 401k financial data
Transfers to/from the plan2018-12-31$4,062,490
Total plan liabilities at end of year2018-12-31$16,204
Total income from all sources2018-12-31$0
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$4,078,694
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$500,000
Net income (gross income less expenses)2018-12-31$0
Net plan assets at end of year (total assets less liabilities)2018-12-31$4,062,490
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of participant loans2018-12-31$43,403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV

2020: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN IV 2018 form 5500 responses
2018-12-30Type of plan entitySingle employer plan
2018-12-30First time form 5500 has been submittedYes
2018-12-30Submission has been amendedNo
2018-12-30This submission is the final filingNo
2018-12-30This return/report is a short plan year return/report (less than 12 months)Yes
2018-12-30Plan is a collectively bargained planNo
2018-12-30Plan funding arrangement – InsuranceYes
2018-12-30Plan funding arrangement – TrustYes
2018-12-30Plan benefit arrangement – InsuranceYes
2018-12-30Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract number31507
Policy instance 1
Insurance contract or identification number31507
Number of Individuals Covered38
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
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 planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract number31507
Policy instance 1
Insurance contract or identification number31507
Number of Individuals Covered36
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
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 planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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