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ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST
Plan identification number 003

ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A.
Employer identification number (EIN):521180875
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032012-01-01DEB REDD DEB REDD2013-10-15
0032011-01-01DONALD SALTZMAN2012-09-27
0032010-01-01DONALD SALTZMAN2011-10-10

Financial Data on ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST

Measure Date Value
2012 : ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST 2012 401k financial data
Total income from all sources (including contributions)2012-12-04$735,733
Total of all expenses incurred2012-12-04$11,048,300
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-04$11,048,062
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-04$394,725
Value of total assets at end of year2012-12-04$0
Value of total assets at beginning of year2012-12-04$10,312,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-04$238
Total interest from all sources2012-12-04$15,468
Total dividends received (eg from common stock, registered investment company shares)2012-12-04$30,208
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-04Yes
Total dividends received from registered investment company shares (eg mutual funds)2012-12-04$30,208
Was this plan covered by a fidelity bond2012-12-04No
If this is an individual account plan, was there a blackout period2012-12-04Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-04$0
Were there any nonexempt tranactions with any party-in-interest2012-12-04No
Contributions received from participants2012-12-04$243,274
Participant contributions at end of year2012-12-04$0
Participant contributions at beginning of year2012-12-04$23,701
Participant contributions at end of year2012-12-04$0
Participant contributions at beginning of year2012-12-04$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-04$32,135
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-04$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-04$0
Other income not declared elsewhere2012-12-04$0
Total non interest bearing cash at end of year2012-12-04$0
Total non interest bearing cash at beginning of year2012-12-04$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-04No
Income. Non cash contributions2012-12-04$0
Value of net income/loss2012-12-04$-10,312,567
Value of net assets at end of year (total assets less liabilities)2012-12-04$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-04$10,312,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-04No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-04No
Were any leases to which the plan was party in default or uncollectible2012-12-04No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-04$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-04$10,118,534
Value of interest in pooled separate accounts at end of year2012-12-04$0
Value of interest in pooled separate accounts at beginning of year2012-12-04$0
Interest on participant loans2012-12-04$1,248
Interest earned on other investments2012-12-04$14,220
Value of interest in common/collective trusts at end of year2012-12-04$0
Value of interest in common/collective trusts at beginning of year2012-12-04$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-04$123,190
Net investment gain/loss from pooled separate accounts2012-12-04$57,539
Net investment gain or loss from common/collective trusts2012-12-04$114,603
Net gain/loss from 103.12 investment entities2012-12-04$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-04No
Was there a failure to transmit to the plan any participant contributions2012-12-04Yes
Has the plan failed to provide any benefit when due under the plan2012-12-04No
Contributions received in cash from employer2012-12-04$119,316
Employer contributions (assets) at end of year2012-12-04$0
Employer contributions (assets) at beginning of year2012-12-04$170,332
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-04$11,048,062
Contract administrator fees2012-12-04$238
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-04Yes
Did the plan have assets held for investment2012-12-04No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-04No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-04Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-04No
Opinion of an independent qualified public accountant for this plan2012-12-04Disclaimer
Accountancy firm name2012-12-04LINDAHL ASSOCIATES PPLC
Accountancy firm EIN2012-12-04208898964

Form 5500 Responses for ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST

2012: ADVANCED CENTERS FOR ORTHOPAEDIC SURGERY & SPORTS MEDICINE, P.A. 401K PROFIT SHARING PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number522913
Policy instance 2

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