401k Plan data: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN plan

PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 401k Plan overview

Plan Name	PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN
Plan identification number	002

PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

PARKS & SCHMIT ORTHODONTICS, P.C. has sponsored the creation of one or more 401k plans.

Company Name: PARKS & SCHMIT ORTHODONTICS, P.C.

Employer identification number (EIN): 420995119

NAIC Classification: 621210
NAIC Description: Offices of Dentists

Additional information about PARKS & SCHMIT ORTHODONTICS, P.C.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities

Incorporation Date: 1977-07-01

Company Identification Number: 051915

Legal Registered Office Address: 2727 1ST AVE SE

CEDAR RAPIDS
United States of America (USA)
52401

More information about PARKS & SCHMIT ORTHODONTICS, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 KIM PARKS 2023-04-27 KIM PARKS 2023-04-27
002 2021-01-01 KIM PARKS 2022-06-23 KIM PARKS 2022-06-23
002 2020-01-01 KIM PARKS 2021-10-13 KIM PARKS 2021-10-13
002 2019-01-01 KIM PARKS 2020-07-08
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 KIM PARKS 2015-07-10
002 2013-01-01 KIM PARKS 2014-06-09
002 2012-01-01 KIM PARKS
002 2011-01-01 KIM PARKS
002 2010-01-01 KIM PARKS
002 2009-07-01 KIM PARKS
002 2009-01-01 KIM PARKS
002 2009-01-01 KIM PARKS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	KIM PARKS	2023-04-27	KIM PARKS	2023-04-27
002	2021-01-01	KIM PARKS	2022-06-23	KIM PARKS	2022-06-23
002	2020-01-01	KIM PARKS	2021-10-13	KIM PARKS	2021-10-13
002	2019-01-01	KIM PARKS	2020-07-08
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	KIM PARKS	2015-07-10
002	2013-01-01	KIM PARKS	2014-06-09
002	2012-01-01	KIM PARKS
002	2011-01-01	KIM PARKS
002	2010-01-01	KIM PARKS
002	2009-07-01	KIM PARKS
002	2009-01-01	KIM PARKS
002	2009-01-01	KIM PARKS

Plan Statistics for PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN

401k plan membership statisitcs for PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN

Measure Date Value
2012: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 22
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 1
Total of all active and inactive participants 2012-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 23
Number of participants with account balances 2012-01-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 19
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 22
Number of participants with account balances 2011-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 17
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 17
Number of participants with account balances 2010-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-07-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-07-01 18
Number of retired or separated participants receiving benefits 2009-07-01 0
Number of other retired or separated participants entitled to future benefits 2009-07-01 0
Total of all active and inactive participants 2009-07-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-07-01 0
Total participants 2009-07-01 18
Number of participants with account balances 2009-07-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-07-01 0
Total participants, beginning-of-year 2009-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 18
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 18
Number of participants with account balances 2009-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	22
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	1
Total of all active and inactive participants	2012-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	23
Number of participants with account balances	2012-01-01	23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	19
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	22
Number of participants with account balances	2011-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	17
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	17
Number of participants with account balances	2010-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-07-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-07-01	18
Number of retired or separated participants receiving benefits	2009-07-01	0
Number of other retired or separated participants entitled to future benefits	2009-07-01	0
Total of all active and inactive participants	2009-07-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-07-01	0
Total participants	2009-07-01	18
Number of participants with account balances	2009-07-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-07-01	0
Total participants, beginning-of-year	2009-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	18
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	18
Number of participants with account balances	2009-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN

Measure	Date	Value
2012 : PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$654,409
Expenses. Total of all expenses incurred	2012-12-31	$39,686
Benefits paid (including direct rollovers)	2012-12-31	$38,573
Total plan assets at end of year	2012-12-31	$3,384,288
Total plan assets at beginning of year	2012-12-31	$2,769,565
Value of fidelity bond covering the plan	2012-12-31	$275,000
Total contributions received or receivable from participants	2012-12-31	$98,585
Other income received	2012-12-31	$435,357
Net income (gross income less expenses)	2012-12-31	$614,723
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,384,288
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,769,565
Total contributions received or receivable from employer(s)	2012-12-31	$120,467
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$1,113
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$79,369
Expenses. Total of all expenses incurred	2011-12-31	$120
Total plan assets at end of year	2011-12-31	$2,769,565
Total plan assets at beginning of year	2011-12-31	$2,690,316
Value of fidelity bond covering the plan	2011-12-31	$275,000
Total contributions received or receivable from participants	2011-12-31	$90,125
Other income received	2011-12-31	$-126,470
Net income (gross income less expenses)	2011-12-31	$79,249
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,769,565
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,690,316
Total contributions received or receivable from employer(s)	2011-12-31	$115,714
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$120
2010 : PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$547,252
Expenses. Total of all expenses incurred	2010-12-31	$37,853
Benefits paid (including direct rollovers)	2010-12-31	$37,731
Total plan assets at end of year	2010-12-31	$2,690,316
Total plan assets at beginning of year	2010-12-31	$2,180,917
Value of fidelity bond covering the plan	2010-12-31	$275,000
Total contributions received or receivable from participants	2010-12-31	$85,347
Other income received	2010-12-31	$352,276
Net income (gross income less expenses)	2010-12-31	$509,399
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,690,316
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,180,917
Total contributions received or receivable from employer(s)	2010-12-31	$109,629
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$122
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN

2012: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PARKS & SCHMIT ORTHODONTICS, P.C. RETIREMENT PLAN 2009 form 5500 responses
2009-07-01	Type of plan entity	Single employer plan
2009-07-01	Submission has been amended	No
2009-07-01	This submission is the final filing	No
2009-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-07-01	Plan funding arrangement – Insurance	Yes
2009-07-01	Plan funding arrangement – Trust	Yes
2009-07-01	Plan benefit arrangement – Insurance	Yes
2009-07-01	Plan benefit arrangement - Trust	Yes
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PARKS & SCHMIT ORTHODONTICS, P.C.
Employer identification number (EIN):	420995119
NAIC Classification:	621210
NAIC Description:	Offices of Dentists

Jurisdiction of Incorporation:	Iowa Secretary of State Business Entities
Incorporation Date:	1977-07-01
Company Identification Number:	051915
Legal Registered Office Address:	2727 1ST AVE SE CEDAR RAPIDS United States of America (USA) 52401