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NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 401k Plan overview

Plan NameNEW HOPE MEDICAL CLINIC PC 401(K) PLAN
Plan identification number 001

NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 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
  • 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.
  • 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 HOPE MEDICAL CLINIC PC has sponsored the creation of one or more 401k plans.

Company Name:NEW HOPE MEDICAL CLINIC PC
Employer identification number (EIN):510615665
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW HOPE MEDICAL CLINIC PC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01IVETTE D. CINTRON2019-09-23 IVETTE D. CINTRON2019-09-23
0012016-01-01DAVID JAMES2017-05-24
0012015-01-01DAVID JAMES2016-08-04
0012014-01-01DAVID JAMES2015-02-27
0012013-01-01DAVID JAMES
0012012-01-01DAVID JAMES

Plan Statistics for NEW HOPE MEDICAL CLINIC PC 401(K) PLAN

401k plan membership statisitcs for NEW HOPE MEDICAL CLINIC PC 401(K) PLAN

Measure Date Value
2013: NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0111
Total number of active participants reported on line 7a of the Form 55002013-01-018
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-0110
Number of participants with account balances2013-01-0110
2012: NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-010
Total number of active participants reported on line 7a of the Form 55002012-01-019
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0111
Number of participants with account balances2012-01-0111

Financial Data on NEW HOPE MEDICAL CLINIC PC 401(K) PLAN

Measure Date Value
2013 : NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$51,110
Total plan assets at end of year2013-12-31$101,110
Total plan assets at beginning of year2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$32,021
Other income received2013-12-31$9,873
Net income (gross income less expenses)2013-12-31$51,110
Net plan assets at end of year (total assets less liabilities)2013-12-31$101,110
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$50,000
Total contributions received or receivable from employer(s)2013-12-31$9,216
2012 : NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$50,000
Total plan assets at end of year2012-12-31$50,000
Total plan assets at beginning of year2012-12-31$0
Total contributions received or receivable from participants2012-12-31$20,000
Net income (gross income less expenses)2012-12-31$50,000
Net plan assets at end of year (total assets less liabilities)2012-12-31$50,000
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$30,000

Form 5500 Responses for NEW HOPE MEDICAL CLINIC PC 401(K) PLAN

2013: NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NEW HOPE MEDICAL CLINIC PC 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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