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OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameOPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.

401k Sponsoring company profile

OPTIMUM CARE FAMILY MEDICINE has sponsored the creation of one or more 401k plans.

Company Name:OPTIMUM CARE FAMILY MEDICINE
Employer identification number (EIN):262870614
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ANNA KAPSALIS-RAMBALAKOS MD2024-04-04
0012022-01-01ANNA KAPSALIS-RAMBALAKOS MD2023-03-30
0012021-01-01
0012021-01-01ANNA KAPSALIS-RAMBALAKOS MD
0012020-01-01ERISA FIDUCIARY SERVICES2021-09-13
0012019-01-01ANNA RAMBALAKOS2020-09-28
0012019-01-01ANTHONY WARD AS ATTORNEY2021-03-29
0012018-01-01ANNA RAMBALAKOS2020-09-28
0012018-01-01ANTHONY WARD AS ATTORNEY2021-03-29
0012018-01-01ANTHONY WARD AS ATTORNEY2021-03-29
0012017-10-01ANNA RAMBALAKOS2020-09-28
0012017-10-01ANTHONY WARD AS ATTORNEY2021-03-29
0012017-10-01ANTHONY WARD AS ATTORNEY2021-03-29

Financial Data on OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-010
Total liabilities as of the end of the plan year2025-04-010
Total liabilities as of the beginning of the plan year2025-04-010
Total expenses incurred by plan in this plan year2025-04-015461
Net assets as of the end of the plan year2025-04-01313865
Total assets as of the beginning of the plan year2025-04-01244461
Value of plan covered by a fidelity bond2025-04-0124446
Participant contributions to plan in this plan year2025-04-0137022
Other expenses paid from plan in this plan year2025-04-010
Other contributions to plan in this plan year2025-04-010
Other income to plan in this plan year2025-04-0122955
Plan net income in this plan year2025-04-0169404
Net assets as of the end of the plan year2025-04-01313865
Net assets as of the beginning of the plan year2025-04-01244461
Employer contributions to plan in this plan year2025-04-0114888
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-015461
2024 : OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-040
Total liabilities as of the end of the plan year2024-04-040
Total liabilities as of the beginning of the plan year2024-04-040
Total expenses incurred by plan in this plan year2024-04-044664
Net assets as of the end of the plan year2024-04-04244461
Total assets as of the beginning of the plan year2024-04-04174672
Value of plan covered by a fidelity bond2024-04-0420000
Participant contributions to plan in this plan year2024-04-0431417
Other expenses paid from plan in this plan year2024-04-040
Other contributions to plan in this plan year2024-04-040
Other income to plan in this plan year2024-04-0425925
Plan net income in this plan year2024-04-0469789
Net assets as of the end of the plan year2024-04-04244461
Net assets as of the beginning of the plan year2024-04-04174672
Employer contributions to plan in this plan year2024-04-0417111
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-044664
2021 : OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$16,432
Expenses. Total of all expenses incurred2021-12-31$1,205
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$140,539
Total plan assets at beginning of year2021-12-31$125,312
Value of fidelity bond covering the plan2021-12-31$20,000
Total contributions received or receivable from participants2021-12-31$6,217
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$7,105
Net income (gross income less expenses)2021-12-31$15,227
Net plan assets at end of year (total assets less liabilities)2021-12-31$140,539
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$125,312
Total contributions received or receivable from employer(s)2021-12-31$3,110
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,205

Form 5500 Responses for OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST

2021: OPTIMUM CARE FAMILY MEDICINE 401(K) PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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