THE GALESBURG CLINIC P.C. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN
401k plan membership statisitcs for THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN
Measure | Date | Value |
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2012: THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2012 401k membership |
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Total participants, beginning-of-year | 2012-01-01 | 8 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 0 |
Total of all active and inactive participants | 2012-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 0 |
Total participants | 2012-01-01 | 0 |
Number of participants with account balances | 2012-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 0 |
2011: THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2011 401k membership |
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Total participants, beginning-of-year | 2011-01-01 | 59 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 8 |
Total of all active and inactive participants | 2011-01-01 | 8 |
Total participants | 2011-01-01 | 8 |
Number of participants with account balances | 2011-01-01 | 8 |
2009: THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2009 401k membership |
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Total participants, beginning-of-year | 2009-01-01 | 213 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 178 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 20 |
Total of all active and inactive participants | 2009-01-01 | 198 |
Total participants | 2009-01-01 | 198 |
Number of participants with account balances | 2009-01-01 | 190 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 3 |
Measure | Date | Value |
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2012 : THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2012 401k financial data |
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Total income from all sources | 2012-12-28 | $43,528 |
Expenses. Total of all expenses incurred | 2012-12-28 | $394,392 |
Benefits paid (including direct rollovers) | 2012-12-28 | $394,363 |
Total plan assets at end of year | 2012-12-28 | $0 |
Total plan assets at beginning of year | 2012-12-28 | $350,864 |
Value of fidelity bond covering the plan | 2012-12-28 | $500,000 |
Other income received | 2012-12-28 | $43,528 |
Net income (gross income less expenses) | 2012-12-28 | $-350,864 |
Net plan assets at end of year (total assets less liabilities) | 2012-12-28 | $0 |
Net plan assets at beginning of year (total assets less liabilities) | 2012-12-28 | $350,864 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2012-12-28 | $29 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-28 | $0 |
2011 : THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2011 401k financial data |
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Total income from all sources | 2011-12-31 | $13,292 |
Expenses. Total of all expenses incurred | 2011-12-31 | $2,528,062 |
Benefits paid (including direct rollovers) | 2011-12-31 | $2,525,234 |
Total plan assets at end of year | 2011-12-31 | $350,864 |
Total plan assets at beginning of year | 2011-12-31 | $2,865,634 |
Value of fidelity bond covering the plan | 2011-12-31 | $500,000 |
Other income received | 2011-12-31 | $13,292 |
Net income (gross income less expenses) | 2011-12-31 | $-2,514,770 |
Net plan assets at end of year (total assets less liabilities) | 2011-12-31 | $350,864 |
Net plan assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,865,634 |
Value of corrective distributions | 2011-12-31 | $2,758 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2011-12-31 | $70 |
2010 : THE GALESBURG CLINIC PROFIT SHARING & SAVINGS PLAN 2010 401k financial data |
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Total income from all sources (including contributions) | 2010-12-31 | $2,394,488 |
Total of all expenses incurred | 2010-12-31 | $12,590,394 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $12,589,371 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $623,971 |
Value of total assets at end of year | 2010-12-31 | $2,865,634 |
Value of total assets at beginning of year | 2010-12-31 | $13,061,540 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,023 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $144,858 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $144,858 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $387,898 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $5,191 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-10,195,906 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $2,865,634 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $13,061,540 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Investment advisory and management fees | 2010-12-31 | $1,023 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $2,865,634 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $12,826,558 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $1,625,659 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $230,882 |
Employer contributions (assets) at end of year | 2010-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $234,982 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $12,589,371 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | CLIFTON GUNDERSON LLP |
Accountancy firm EIN | 2010-12-31 | 370802863 |