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PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 401k Plan overview

Plan NamePROSPECT MEDICAL RETIREMENT SAVINGS PLAN B
Plan identification number 003

PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:PROSPECT MEDICAL
Employer identification number (EIN):371747940
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about PROSPECT MEDICAL

Jurisdiction of Incorporation: Secretary of State Rhode Island
Incorporation Date: 2013-08-21
Company Identification Number: 823561
Legal Registered Office Address: 450 VETERANS MEMORIAL PARKWAY
SUITE 7A
EAST PROVIDENCE
United States of America (USA)
02914

More information about PROSPECT MEDICAL

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032023-01-01ALFREDO SABILLO
0032021-01-01
0032021-01-01ALFREDO SABILLO
0032020-01-01
0032019-01-01
0032018-01-01
0032018-01-01

Financial Data on PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B

Measure Date Value
2023 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$18,548,066
Total transfer of assets from this plan2023-12-31$11,610,495
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$71,989,654
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$31,674,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$30,493,948
Expenses. Certain deemed distributions of participant loans2023-12-31$402,664
Value of total corrective distributions2023-12-31$101,353
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$35,376,833
Value of total assets at end of year2023-12-31$264,929,598
Value of total assets at beginning of year2023-12-31$217,676,970
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$676,632
Total interest from all sources2023-12-31$179,245
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$829,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$829,217
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$2,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$26,641,147
Participant contributions at end of year2023-12-31$3,113,200
Participant contributions at beginning of year2023-12-31$2,870,505
Participant contributions at end of year2023-12-31$346,052
Participant contributions at beginning of year2023-12-31$289,629
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$1,039,539
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$50,715
Other income not declared elsewhere2023-12-31$234,245
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$40,315,057
Value of net assets at end of year (total assets less liabilities)2023-12-31$264,929,598
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$217,676,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$35,112,453
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$27,683,735
Value of interest in pooled separate accounts at end of year2023-12-31$479,647
Value of interest in pooled separate accounts at beginning of year2023-12-31$480,946
Interest on participant loans2023-12-31$179,245
Value of interest in common/collective trusts at end of year2023-12-31$225,867,458
Value of interest in common/collective trusts at beginning of year2023-12-31$186,342,018
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$5,150,550
Net investment gain/loss from pooled separate accounts2023-12-31$60,241
Net investment gain or loss from common/collective trusts2023-12-31$30,159,323
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$7,696,147
Employer contributions (assets) at end of year2023-12-31$10,788
Employer contributions (assets) at beginning of year2023-12-31$10,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$30,443,233
Contract administrator fees2023-12-31$676,632
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total transfer of assets to this plan2023-01-01$18,548,066
Total transfer of assets from this plan2023-01-01$11,610,495
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$71,989,654
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$31,674,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$30,493,948
Expenses. Certain deemed distributions of participant loans2023-01-01$402,664
Value of total corrective distributions2023-01-01$101,353
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$35,376,833
Value of total assets at end of year2023-01-01$264,929,598
Value of total assets at beginning of year2023-01-01$217,676,970
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$676,632
Total interest from all sources2023-01-01$179,245
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$829,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$829,217
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$2,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$26,641,147
Participant contributions at end of year2023-01-01$3,113,200
Participant contributions at beginning of year2023-01-01$2,870,505
Participant contributions at end of year2023-01-01$346,052
Participant contributions at beginning of year2023-01-01$289,629
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$1,039,539
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-01$50,715
Other income not declared elsewhere2023-01-01$234,245
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$40,315,057
Value of net assets at end of year (total assets less liabilities)2023-01-01$264,929,598
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$217,676,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$35,112,453
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$27,683,735
Value of interest in pooled separate accounts at end of year2023-01-01$479,647
Value of interest in pooled separate accounts at beginning of year2023-01-01$480,946
Interest on participant loans2023-01-01$179,245
Value of interest in common/collective trusts at end of year2023-01-01$225,867,458
Value of interest in common/collective trusts at beginning of year2023-01-01$186,342,018
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$5,150,550
Net investment gain/loss from pooled separate accounts2023-01-01$60,241
Net investment gain or loss from common/collective trusts2023-01-01$30,159,323
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01Yes
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$7,696,147
Employer contributions (assets) at end of year2023-01-01$10,788
Employer contributions (assets) at beginning of year2023-01-01$10,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$30,443,233
Contract administrator fees2023-01-01$676,632
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
2022 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total transfer of assets to this plan2022-01-01$11,191,956
Total transfer of assets from this plan2022-01-01$5,703,371
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-14,108,921
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$31,034,918
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$30,194,533
Expenses. Certain deemed distributions of participant loans2022-01-01$197,866
Value of total corrective distributions2022-01-01$1,289
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$27,255,158
Value of total assets at end of year2022-01-01$217,676,970
Value of total assets at beginning of year2022-01-01$257,332,224
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$641,230
Total interest from all sources2022-01-01$126,935
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$638,759
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$638,759
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$2,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$25,332,333
Participant contributions at end of year2022-01-01$2,870,505
Participant contributions at beginning of year2022-01-01$2,521,813
Participant contributions at end of year2022-01-01$289,629
Participant contributions at beginning of year2022-01-01$310,419
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$653,658
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-01-01$9,026
Other income not declared elsewhere2022-01-01$5,694
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-45,143,839
Value of net assets at end of year (total assets less liabilities)2022-01-01$217,676,970
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$257,332,224
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$27,683,735
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$35,087,932
Value of interest in pooled separate accounts at end of year2022-01-01$480,946
Value of interest in pooled separate accounts at beginning of year2022-01-01$693,268
Interest on participant loans2022-01-01$126,935
Value of interest in common/collective trusts at end of year2022-01-01$186,342,018
Value of interest in common/collective trusts at beginning of year2022-01-01$218,709,000
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-7,090,632
Net investment gain/loss from pooled separate accounts2022-01-01$-162,435
Net investment gain or loss from common/collective trusts2022-01-01$-34,882,400
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$1,269,167
Employer contributions (assets) at end of year2022-01-01$10,137
Employer contributions (assets) at beginning of year2022-01-01$9,792
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$30,185,507
Contract administrator fees2022-01-01$641,230
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
2021 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$6,343,564
Total transfer of assets from this plan2021-12-31$10,199,895
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$60,966,688
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$18,648,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$17,824,855
Expenses. Certain deemed distributions of participant loans2021-12-31$148,160
Value of total corrective distributions2021-12-31$43,031
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$33,714,673
Value of total assets at end of year2021-12-31$257,332,224
Value of total assets at beginning of year2021-12-31$218,870,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$632,792
Total interest from all sources2021-12-31$108,986
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$496,182
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$496,182
Administrative expenses professional fees incurred2021-12-31$25
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$25,441,252
Participant contributions at end of year2021-12-31$2,521,813
Participant contributions at beginning of year2021-12-31$2,236,229
Participant contributions at end of year2021-12-31$310,419
Participant contributions at beginning of year2021-12-31$289,797
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,454,591
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$1,769
Other income not declared elsewhere2021-12-31$14,773
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$42,317,850
Value of net assets at end of year (total assets less liabilities)2021-12-31$257,332,224
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$218,870,705
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$35,087,932
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$28,450,226
Value of interest in pooled separate accounts at end of year2021-12-31$693,268
Value of interest in pooled separate accounts at beginning of year2021-12-31$308,791
Interest on participant loans2021-12-31$108,986
Value of interest in common/collective trusts at end of year2021-12-31$218,709,000
Value of interest in common/collective trusts at beginning of year2021-12-31$187,577,165
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$5,088,723
Net investment gain/loss from pooled separate accounts2021-12-31$151,917
Net investment gain or loss from common/collective trusts2021-12-31$21,391,434
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$6,818,830
Employer contributions (assets) at end of year2021-12-31$9,792
Employer contributions (assets) at beginning of year2021-12-31$8,497
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$17,823,086
Contract administrator fees2021-12-31$632,767
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31RSM US LLP
Accountancy firm EIN2021-12-31420714325
2020 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$8,277,387
Total transfer of assets from this plan2020-12-31$3,535,212
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$56,534,881
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$19,701,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$19,013,927
Expenses. Certain deemed distributions of participant loans2020-12-31$150,406
Value of total corrective distributions2020-12-31$39,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$30,639,909
Value of total assets at end of year2020-12-31$218,870,705
Value of total assets at beginning of year2020-12-31$177,295,038
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$497,917
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$106,295
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$442,302
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$442,302
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$22,068,220
Participant contributions at end of year2020-12-31$2,236,229
Participant contributions at beginning of year2020-12-31$1,368,035
Participant contributions at end of year2020-12-31$289,797
Participant contributions at beginning of year2020-12-31$10,698
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,759,014
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$173
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$5,188
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$36,833,492
Value of net assets at end of year (total assets less liabilities)2020-12-31$218,870,705
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$177,295,038
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$28,450,226
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$21,356,004
Value of interest in pooled separate accounts at end of year2020-12-31$308,791
Value of interest in pooled separate accounts at beginning of year2020-12-31$421,524
Interest on participant loans2020-12-31$106,295
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$187,577,165
Value of interest in common/collective trusts at beginning of year2020-12-31$154,138,777
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,664,450
Net investment gain/loss from pooled separate accounts2020-12-31$-30,916
Net investment gain or loss from common/collective trusts2020-12-31$21,707,653
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$6,812,675
Employer contributions (assets) at end of year2020-12-31$8,497
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$19,013,754
Contract administrator fees2020-12-31$497,917
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31RSM US LLP
Accountancy firm EIN2020-12-31420714325
2019 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$1,803,439
Total transfer of assets from this plan2019-12-31$5,799,049
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$60,586,551
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$12,663,828
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$11,828,938
Expenses. Certain deemed distributions of participant loans2019-12-31$347,164
Value of total corrective distributions2019-12-31$17,500
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$32,001,741
Value of total assets at end of year2019-12-31$177,295,038
Value of total assets at beginning of year2019-12-31$133,367,925
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$470,226
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$86,159
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$407,295
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$407,295
Administrative expenses professional fees incurred2019-12-31$6,229
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$20,129,964
Participant contributions at end of year2019-12-31$1,368,035
Participant contributions at beginning of year2019-12-31$2,209,941
Participant contributions at end of year2019-12-31$10,698
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,999,798
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$6,500
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$316,273
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$47,922,723
Value of net assets at end of year (total assets less liabilities)2019-12-31$177,295,038
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$133,367,925
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$86
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$21,356,004
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$126,095,020
Value of interest in pooled separate accounts at end of year2019-12-31$421,524
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$86,159
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$154,138,777
Value of interest in common/collective trusts at beginning of year2019-12-31$5,062,964
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$12,989,998
Net investment gain/loss from pooled separate accounts2019-12-31$44,132
Net investment gain or loss from common/collective trusts2019-12-31$14,740,953
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$9,871,979
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$11,822,438
Contract administrator fees2019-12-31$463,911
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325
2018 : PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$0
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$114,774,495
Total transfer of assets from this plan2018-12-31$62,866,410
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$17,718,893
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$11,132,960
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$9,308,370
Expenses. Certain deemed distributions of participant loans2018-12-31$1,331,681
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$24,856,037
Value of total assets at end of year2018-12-31$133,367,925
Value of total assets at beginning of year2018-12-31$74,873,907
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$492,909
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$84,607
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$3,001,031
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$3,001,031
Administrative expenses professional fees incurred2018-12-31$36,312
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$15,807,552
Participant contributions at end of year2018-12-31$2,209,941
Participant contributions at beginning of year2018-12-31$853,324
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,514,845
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$5,925
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$25,147
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$85,475
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$6,585,933
Value of net assets at end of year (total assets less liabilities)2018-12-31$133,367,925
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$74,873,907
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$82,401
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$126,095,020
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$70,946,762
Interest on participant loans2018-12-31$84,567
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$5,062,964
Value of interest in common/collective trusts at beginning of year2018-12-31$2,944,808
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$37,613
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$37,613
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$40
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-10,210,363
Net investment gain/loss from pooled separate accounts2018-12-31$0
Net investment gain or loss from common/collective trusts2018-12-31$-37,566
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$7,533,640
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$9,308,370
Contract administrator fees2018-12-31$374,196
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31HOLTHOUSE CARLIN & VAN TRIGT LLP
Accountancy firm EIN2018-12-31954345526

Form 5500 Responses for PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B

2023: PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2021: PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
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 planYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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 planYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
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 planYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number816387
Policy instance 1
Insurance contract or identification number816387
Number of Individuals Covered7327
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number816387
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number816387
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number816387
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number816387
Policy instance 1

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