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CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 401k Plan overview

Plan NameCARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN
Plan identification number 001

CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

CARDIOLOGY SPECIALISTS OF ACADIANA, LLC has sponsored the creation of one or more 401k plans.

Company Name:CARDIOLOGY SPECIALISTS OF ACADIANA, LLC
Employer identification number (EIN):261856390
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012023-01-01CHRISTOPHER HEBERT
0012022-01-01
0012022-01-01MICHELLE CRAIN
0012021-01-01LISA MEYNARD2022-06-22 LISA MEYNARD2022-06-22
0012020-01-01LISA MEYNARD2021-04-29 LISA MEYNARD2021-04-29
0012019-01-01LISA MEYNARD2020-04-20 LISA MEYNARD2020-04-20
0012019-01-01LISA MEYNARD2020-06-15 LISA MEYNARD2020-06-15
0012018-01-01LISA MEYNARD2019-07-25 LISA MEYNARD2019-07-25
0012017-01-01LISA MEYNARD2018-09-05 LISA MEYNARD2018-09-05
0012016-01-01JOSEPH KOWALSKI2017-02-14
0012015-01-01JOSEPH KOWALSKI2016-01-25
0012014-01-01JOSEPH KOWALSKI2015-10-02
0012013-01-01JOSEPH KOWALSKI2014-10-14
0012012-01-01JOSEPH KOWALSKI2013-10-07
0012011-01-01JOSEPH KOWALSKI2012-09-25
0012010-01-01JOSEPH KOWALSKI2012-09-25
0012008-01-01
0012008-01-01JOSEPH KOWALSKI

Financial Data on CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN

Measure Date Value
2023 : CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,298,872
Expenses. Total of all expenses incurred2023-12-31$854,412
Benefits paid (including direct rollovers)2023-12-31$829,321
Total plan assets at end of year2023-12-31$4,724,517
Total plan assets at beginning of year2023-12-31$4,280,057
Value of fidelity bond covering the plan2023-12-31$500,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$341,190
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$35,912
Other income received2023-12-31$676,200
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$444,460
Net plan assets at end of year (total assets less liabilities)2023-12-31$4,724,517
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,280,057
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$245,570
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$25,091
2022 : CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-534,493
Expenses. Total of all expenses incurred2022-12-31$272,905
Benefits paid (including direct rollovers)2022-12-31$236,000
Total plan assets at end of year2022-12-31$4,280,057
Total plan assets at beginning of year2022-12-31$5,087,455
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$338,452
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,104,438
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-807,398
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,280,057
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,087,455
Total contributions received or receivable from employer(s)2022-12-31$231,493
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$36,905
Total expenses incurred by plan in this plan year2022-06-221398147
Net assets as of the end of the plan year2022-06-225087455
Total assets as of the beginning of the plan year2022-06-225282669
Value of plan covered by a fidelity bond2022-06-22500000
Participant contributions to plan in this plan year2022-06-22326963
Other expenses paid from plan in this plan year2022-06-2246209
Other income to plan in this plan year2022-06-22629962
Plan net income in this plan year2022-06-22-195214
Net assets as of the end of the plan year2022-06-225087455
Net assets as of the beginning of the plan year2022-06-225282669
Employer contributions to plan in this plan year2022-06-22246008
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-220
2008 : CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2008 401k financial data
Total income from all sources2008-12-31$341,582
Total plan assets at end of year2008-12-31$341,582
Value of fidelity bond covering the plan2008-12-31$45,000
Total contributions received or receivable from participants2008-12-31$55,922
Contributions received from other sources (not participants or employers)2008-12-31$274,716
Other income received2008-12-31$-19,617
Net income (gross income less expenses)2008-12-31$341,582
Net plan assets at end of year (total assets less liabilities)2008-12-31$341,582
Total contributions received or receivable from employer(s)2008-12-31$30,561

Form 5500 Responses for CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN

2023: CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2008: CARDIOLOGY SPECIALISTS PROFIT SHARING 401K PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01First time form 5500 has been submittedYes
2008-01-01Submission has been amendedYes
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number87044
Policy instance 1

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