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PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 401k Plan overview

Plan NamePALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN
Plan identification number 001

PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. has sponsored the creation of one or more 401k plans.

Company Name:PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A.
Employer identification number (EIN):592686544
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TERRI YUNGHANS2024-09-26
0012022-01-01GARY N. ACKERMAN2023-09-13
0012021-01-01GARY ACKERMAN2022-10-14
0012020-01-01GARY ACKERMAN2021-09-02
0012019-01-01
0012018-01-01
0012017-01-01EVERETT STONE2018-10-14
0012016-01-01EVERETT STONE2018-01-10
0012015-01-01EVERETT STONE2016-10-17
0012014-01-01EVERETT STONE2015-10-15
0012013-01-01EVERETT STONE2014-10-15
0012012-01-01EVERETT STONE2013-10-15
0012011-01-01EVERETT STONE
0012009-01-01EVERETT STONE

Financial Data on PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN

Measure Date Value
2025 : PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-240
Total liabilities as of the end of the plan year2025-09-240
Total liabilities as of the beginning of the plan year2025-09-240
Total expenses incurred by plan in this plan year2025-09-2448731
Net assets as of the end of the plan year2025-09-243894619
Total assets as of the beginning of the plan year2025-09-243174917
Value of plan covered by a fidelity bond2025-09-24317500
Participant contributions to plan in this plan year2025-09-2480340
Other expenses paid from plan in this plan year2025-09-240
Other contributions to plan in this plan year2025-09-240
Other income to plan in this plan year2025-09-24666012
Plan net income in this plan year2025-09-24719702
Net assets as of the end of the plan year2025-09-243894619
Net assets as of the beginning of the plan year2025-09-243174917
Employer contributions to plan in this plan year2025-09-2422081
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-2447703
2024 : PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-09-260
Total liabilities as of the beginning of the plan year2024-09-260
Total expenses incurred by plan in this plan year2024-09-264542
Net assets as of the end of the plan year2024-09-263174917
Total assets as of the beginning of the plan year2024-09-262543297
Value of plan covered by a fidelity bond2024-09-26255000
Participant contributions to plan in this plan year2024-09-2679465
Other expenses paid from plan in this plan year2024-09-26250
Other contributions to plan in this plan year2024-09-26152223
Other income to plan in this plan year2024-09-26304342
Plan net income in this plan year2024-09-26631620
Net assets as of the end of the plan year2024-09-263174917
Net assets as of the beginning of the plan year2024-09-262543297
Employer contributions to plan in this plan year2024-09-26100132
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-263203
2011 : PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$67,655
Total plan assets at end of year2011-12-31$1,077,343
Total plan assets at beginning of year2011-12-31$1,009,688
Value of fidelity bond covering the plan2011-12-31$75,000
Total contributions received or receivable from participants2011-12-31$60,026
Other income received2011-12-31$-29,918
Net income (gross income less expenses)2011-12-31$67,655
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,077,343
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,009,688
Total contributions received or receivable from employer(s)2011-12-31$37,547
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$28,343
Total plan assets at end of year2010-12-31$1,009,688
Total plan assets at beginning of year2010-12-31$981,345
Value of fidelity bond covering the plan2010-12-31$75,000
Total contributions received or receivable from participants2010-12-31$79,232
Other income received2010-12-31$-60,919
Net income (gross income less expenses)2010-12-31$28,343
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,009,688
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$981,345
Total contributions received or receivable from employer(s)2010-12-31$10,030
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN

2011: PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PALM BEACH SPORTSMEDICINE AND ORTHOPEADIC CENTER P.A. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606118
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number
Policy instance 1

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