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BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 401k Plan overview

Plan NameBAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN
Plan identification number 002

BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

BAYONNE MEDICAL CENTER has sponsored the creation of one or more 401k plans.

Company Name:BAYONNE MEDICAL CENTER
Employer identification number (EIN):221487124
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01JENNIFER DOBIN
0022011-01-01JENNIFER DOBIN
0022009-01-01JENNIFER DOBIN

Plan Statistics for BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN

401k plan membership statisitcs for BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN

Measure Date Value
2012: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,467
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,402
Total number of active participants reported on line 7a of the Form 55002011-01-01816
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01640
Total of all active and inactive participants2011-01-011,456
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0111
Total participants2011-01-011,467
Number of participants with account balances2011-01-011,175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2009: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,006
Total number of active participants reported on line 7a of the Form 55002009-01-01665
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01301
Total of all active and inactive participants2009-01-01966
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-016
Total participants2009-01-01972
Number of participants with account balances2009-01-01972
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-017

Financial Data on BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN

Measure Date Value
2012 : BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$38,847,142
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$31,205
Total income from all sources (including contributions)2012-12-31$4,434,265
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$5,722,988
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,471,865
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$755,423
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$40,167,070
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$251,123
Total interest from all sources2012-12-31$804
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$417,457
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$417,457
Administrative expenses professional fees incurred2012-12-31$251,123
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$592,710
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$17,718
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$3,850
Liabilities. Value of operating payables at end of year2012-12-31$0
Liabilities. Value of operating payables at beginning of year2012-12-31$31,205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-1,288,723
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$40,135,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$32,534,323
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$6,563,699
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$6,563,699
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$804
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$3,260,581
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$162,713
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$1,047,475
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,471,865
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$5
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31SANTORA CPA GROUP
Accountancy firm EIN2012-12-31510284658
2011 : BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$31,205
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$50,397
Total income from all sources (including contributions)2011-12-31$1,968,685
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$3,210,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,105,951
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,027,691
Value of total assets at end of year2011-12-31$40,167,070
Value of total assets at beginning of year2011-12-31$41,428,012
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$104,484
Total interest from all sources2011-12-31$1,624
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$593,000
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$593,000
Administrative expenses professional fees incurred2011-12-31$104,484
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$862,393
Participant contributions at end of year2011-12-31$17,718
Participant contributions at beginning of year2011-12-31$77,488
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$3,850
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$46,413
Liabilities. Value of operating payables at end of year2011-12-31$31,205
Liabilities. Value of operating payables at beginning of year2011-12-31$50,397
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,241,750
Value of net assets at end of year (total assets less liabilities)2011-12-31$40,135,865
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$41,377,615
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$32,534,323
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$33,169,413
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$6,563,699
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$6,489,083
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$6,489,083
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$1,624
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$346,370
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$165,298
Employer contributions (assets) at end of year2011-12-31$1,047,475
Employer contributions (assets) at beginning of year2011-12-31$1,645,605
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,105,951
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$5
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$10
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31SANTORA CPA GROUP
Accountancy firm EIN2011-12-31510284658
2010 : BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$50,397
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,548,029
Total income from all sources (including contributions)2010-12-31$4,959,564
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,667,845
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,466,315
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$998,635
Value of total assets at end of year2010-12-31$41,428,012
Value of total assets at beginning of year2010-12-31$40,633,925
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$201,530
Total interest from all sources2010-12-31$-6,546
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$759,211
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$759,211
Administrative expenses professional fees incurred2010-12-31$62,602
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$846,705
Participant contributions at end of year2010-12-31$77,488
Participant contributions at beginning of year2010-12-31$34,295
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$46,413
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$53,859
Other income not declared elsewhere2010-12-31$-42,802
Administrative expenses (other) incurred2010-12-31$172,337
Liabilities. Value of operating payables at end of year2010-12-31$50,397
Liabilities. Value of operating payables at beginning of year2010-12-31$71,357
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,291,719
Value of net assets at end of year (total assets less liabilities)2010-12-31$41,377,615
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$39,085,896
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$-33,409
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$33,169,413
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$30,706,684
Income. Interest from corporate debt instruments2010-12-31$-9,228
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$6,489,083
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$7,390,358
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$7,390,358
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$2,682
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,251,066
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$151,930
Employer contributions (assets) at end of year2010-12-31$1,645,605
Employer contributions (assets) at beginning of year2010-12-31$2,447,265
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,466,315
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$1,464
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$10
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$1,476,672
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SANTORA CPA GROUP
Accountancy firm EIN2010-12-31510284658
2009 : BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN

2012: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BAYONNE MEDICAL CENTER EMPLOYEES' SAVINGS AND INVESTMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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