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MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN 401k Plan overview

Plan NameMICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN
Plan identification number 001

MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K 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
  • 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.

401k Sponsoring company profile

MICHAEL J. BROOM, M.D., P.A. has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL J. BROOM, M.D., P.A.
Employer identification number (EIN):593351304
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRISTINE BYRNES2025-01-15
0012022-01-01CHRISTINE BYRNES2023-09-14
0012021-01-01CHRISTINE BYRNES2023-02-10
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MICHAEL J. BROOM, M.D.2018-10-08 MICHAEL J. BROOM, M.D.2018-10-08
0012016-01-01
0012015-01-01MICHAEL J. BROOM, M.D.2016-09-30
0012014-01-01MICHAEL J. BROOM, M.D.2015-09-28
0012013-01-01MICHAEL J. BROOM, M.D.2014-09-05
0012012-01-01MICHAEL J. BROOM, M.D.2013-08-22
0012011-01-01MICHAEL J. BROOM, M.D.2012-10-10
0012010-01-01MICHAEL J. BROOM, M.D.2011-07-07

Plan Statistics for MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN

401k plan membership statisitcs for MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN

Measure Date Value
2025: MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1319
Total number of particpants at end of year2025-10-1319
Number of Participants With Account Balances2025-10-1319
Total number of particpants at beginning of year2025-01-1520
Total number of particpants at end of year2025-01-1519
Number of Participants With Account Balances2025-01-1519

Financial Data on MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN

Measure Date Value
2025 : MICHAEL J. BROOM, M.D., P.A. PROFIT SHARING AND 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-1334833
Net assets as of the end of the plan year2025-10-134613830
Total assets as of the beginning of the plan year2025-10-134078168
Value of plan covered by a fidelity bond2025-10-13500000
Participant contributions to plan in this plan year2025-10-1350965
Other expenses paid from plan in this plan year2025-10-1328948
Other income to plan in this plan year2025-10-13420008
Plan net income in this plan year2025-10-13535662
Net assets as of the end of the plan year2025-10-134613830
Net assets as of the beginning of the plan year2025-10-134078168
Employer contributions to plan in this plan year2025-10-1399522
Total expenses incurred by plan in this plan year2025-01-15124586
Net assets as of the end of the plan year2025-01-154078168
Total assets as of the beginning of the plan year2025-01-153478992
Value of plan covered by a fidelity bond2025-01-15500000
Participant contributions to plan in this plan year2025-01-1539635
Other expenses paid from plan in this plan year2025-01-1524239
Other income to plan in this plan year2025-01-15594262
Plan net income in this plan year2025-01-15599176
Net assets as of the end of the plan year2025-01-154078168
Net assets as of the beginning of the plan year2025-01-153478992
Employer contributions to plan in this plan year2025-01-1589865

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