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BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameBORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST
Plan identification number 002

BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

BORLAND-GROOVER CLINIC, P.A. has sponsored the creation of one or more 401k plans.

Company Name:BORLAND-GROOVER CLINIC, P.A.
Employer identification number (EIN):593030016
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about BORLAND-GROOVER CLINIC, P.A.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1977-12-02
Company Identification Number: 552478
Legal Registered Office Address: 4800 BELFORT RD

JACKSONVILLE

32256

More information about BORLAND-GROOVER CLINIC, P.A.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01ISRAEL SULLIVAN ISRAEL SULLIVAN2018-10-15

Plan Statistics for BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2017: BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01702
Total number of active participants reported on line 7a of the Form 55002017-01-01483
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01132
Total of all active and inactive participants2017-01-01615
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01615
Number of participants with account balances2017-01-01532
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016

Financial Data on BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2017 : BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$11,812,768
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,204,462
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,012,604
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$5,362,673
Value of total assets at end of year2017-12-31$71,077,186
Value of total assets at beginning of year2017-12-31$62,468,880
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$191,858
Total interest from all sources2017-12-31$1,087
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$2,073,699
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$318,176
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$852,651
Assets. Other investments not covered elsewhere at end of year2017-12-31$822,831
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$183,943
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$46,437
Other income not declared elsewhere2017-12-31$-47,367
Administrative expenses (other) incurred2017-12-31$191,858
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$8,608,306
Value of net assets at end of year (total assets less liabilities)2017-12-31$71,077,186
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$62,468,880
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$64,006,578
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$26,612,171
Value of interest in common/collective trusts at end of year2017-12-31$1,263,127
Value of interest in common/collective trusts at beginning of year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$658,571
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$7,660,072
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$7,660,072
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,087
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$4,410,781
Net investment gain or loss from common/collective trusts2017-12-31$11,895
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$4,326,079
Employer contributions (assets) at end of year2017-12-31$4,326,079
Employer contributions (assets) at beginning of year2017-12-31$3,837,394
Income. Dividends from common stock2017-12-31$1,755,523
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,012,604
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$24,312,806
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BDO, USA LLP
Accountancy firm EIN2017-12-31135381590

Form 5500 Responses for BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST

2017: BORLAND-GROOVER CLINIC, P. A. PROFIT SHARING PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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