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NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING 401k Plan overview

Plan NameNEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING
Plan identification number 001

NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NEW YORK PULMONARY & SLEEP MEDICINE, P.C. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK PULMONARY & SLEEP MEDICINE, P.C.
Employer identification number (EIN):462712332
NAIC Classification:424210
NAIC Description:Drugs and Druggists' Sundries Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MEI LAM2024-10-05 MEI LAM2024-10-05
0012022-01-01MEI LAM2023-10-04 MEI LAM2023-10-04
0012021-01-01MEI LEE LAM2022-10-13 MEI LEE LAM2022-10-13
0012021-01-01MEI LEE LAM2022-10-13 MEI LEE LAM2022-10-13
0012020-01-01MEI LAM2021-10-05 MEI LAM2021-10-05
0012019-01-01MEI LAM2020-10-07 MEI LAM2020-10-07
0012018-01-01MEI LAM2019-10-14
0012017-01-01MEI LAM2018-10-12
0012016-01-01MEI LAM2017-10-10

Plan Statistics for NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING

401k plan membership statisitcs for NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING

Measure Date Value
2024: NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING 2024 401k membership
Total number of particpants at beginning of year2024-10-0517
Total number of particpants at end of year2024-10-0514
Number of Participants With Account Balances2024-10-0514

Financial Data on NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING

Measure Date Value
2024 : NEW YORK PULMONARY & SLEEP MEDICINE, PC PROFIT SHARING 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-050
Total liabilities as of the end of the plan year2024-10-050
Total liabilities as of the beginning of the plan year2024-10-050
Total expenses incurred by plan in this plan year2024-10-05130594
Net assets as of the end of the plan year2024-10-052488151
Total assets as of the beginning of the plan year2024-10-052181856
Value of plan covered by a fidelity bond2024-10-05250255
Participant contributions to plan in this plan year2024-10-0561384
Value of participant loans at end of plan year2024-10-053318
Other expenses paid from plan in this plan year2024-10-050
Other contributions to plan in this plan year2024-10-050
Other income to plan in this plan year2024-10-05346345
Plan net income in this plan year2024-10-05306295
Net assets as of the end of the plan year2024-10-052488151
Net assets as of the beginning of the plan year2024-10-052181856
Employer contributions to plan in this plan year2024-10-0529160
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-0519226

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