401k Plan data: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN plan

DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN
Plan identification number	001

DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

DERMATOLOGY ASSOCIATES OF KENTUCKY, P.S.C. has sponsored the creation of one or more 401k plans.

Company Name: DERMATOLOGY ASSOCIATES OF KENTUCKY, P.S.C.

Employer identification number (EIN): 610701663

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 KATHY KEATON 2013-10-11
001 2011-01-01 TODD WETZEL 2012-10-15
001 2010-01-01 DR. ANIR DHIR 2011-08-25

Plan Statistics for DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN

Measure Date Value
2023: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 97
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 0
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 0
Number of participants with account balances 2023-01-01 0
2022: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 73
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 24
Total of all active and inactive participants 2022-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 97
Number of participants with account balances 2022-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 9
2021: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 103
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 71
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 20
Total of all active and inactive participants 2021-01-01 91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 91
Number of participants with account balances 2021-01-01 91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 7
2020: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 74
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 29
Total of all active and inactive participants 2020-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 103
Number of participants with account balances 2020-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 7
2019: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 78
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 18
Total of all active and inactive participants 2019-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 96
Number of participants with account balances 2019-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1

Measure	Date	Value
2023: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	97
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	0
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	0
Number of participants with account balances	2023-01-01	0
2022: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	73
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	24
Total of all active and inactive participants	2022-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	97
Number of participants with account balances	2022-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	9
2021: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	103
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	71
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	20
Total of all active and inactive participants	2021-01-01	91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	91
Number of participants with account balances	2021-01-01	91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	7
2020: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	74
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	29
Total of all active and inactive participants	2020-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	103
Number of participants with account balances	2020-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	7
2019: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	78
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	18
Total of all active and inactive participants	2019-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	96
Number of participants with account balances	2019-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1

Financial Data on DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN

Measure	Date	Value
2023 : DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-29	$0
Total plan liabilities at end of year	2023-12-29	$0
Total plan liabilities at beginning of year	2023-12-29	$0
Total income from all sources	2023-12-29	$2,219,973
Expenses. Total of all expenses incurred	2023-12-29	$15,611,204
Benefits paid (including direct rollovers)	2023-12-29	$15,542,810
Total plan assets at end of year	2023-12-29	$0
Total plan assets at beginning of year	2023-12-29	$13,391,231
Value of fidelity bond covering the plan	2023-12-29	$930,000
Total contributions received or receivable from participants	2023-12-29	$212,116
Expenses. Other expenses not covered elsewhere	2023-12-29	$0
Contributions received from other sources (not participants or employers)	2023-12-29	$0
Other income received	2023-12-29	$1,520,732
Noncash contributions received	2023-12-29	$0
Net income (gross income less expenses)	2023-12-29	$-13,391,231
Net plan assets at end of year (total assets less liabilities)	2023-12-29	$0
Net plan assets at beginning of year (total assets less liabilities)	2023-12-29	$13,391,231
Total contributions received or receivable from employer(s)	2023-12-29	$487,125
Value of certain deemed distributions of participant loans	2023-12-29	$0
Value of corrective distributions	2023-12-29	$26,341
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-29	$42,053
2022 : DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-2,069,554
Expenses. Total of all expenses incurred	2022-12-31	$4,384,068
Benefits paid (including direct rollovers)	2022-12-31	$4,342,705
Total plan assets at end of year	2022-12-31	$13,391,231
Total plan assets at beginning of year	2022-12-31	$19,844,853
Value of fidelity bond covering the plan	2022-12-31	$930,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$237,018
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-2,777,971
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-6,453,622
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$13,391,231
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$19,844,853
Assets. Value of participant loans	2022-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$471,399
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$41,363
2021 : DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$3,403,785
Expenses. Total of all expenses incurred	2021-12-31	$733,581
Benefits paid (including direct rollovers)	2021-12-31	$681,133
Total plan assets at end of year	2021-12-31	$19,844,853
Total plan assets at beginning of year	2021-12-31	$17,174,649
Value of fidelity bond covering the plan	2021-12-31	$930,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$278,845
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$50,409
Other income received	2021-12-31	$2,432,152
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$2,670,204
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$19,844,853
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$17,174,649
Assets. Value of participant loans	2021-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$642,379
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$52,448
2020 : DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$3,029,345
Expenses. Total of all expenses incurred	2020-12-31	$1,084,766
Benefits paid (including direct rollovers)	2020-12-31	$1,046,964
Total plan assets at end of year	2020-12-31	$17,174,649
Total plan assets at beginning of year	2020-12-31	$15,230,070
Value of fidelity bond covering the plan	2020-12-31	$930,000
Total contributions received or receivable from participants	2020-12-31	$281,560
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$2,135,676
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$1,944,579
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$17,174,649
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$15,230,070
Total contributions received or receivable from employer(s)	2020-12-31	$612,109
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$37,802
2019 : DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$3,119,252
Expenses. Total of all expenses incurred	2019-12-31	$244,342
Benefits paid (including direct rollovers)	2019-12-31	$241,528
Total plan assets at end of year	2019-12-31	$15,230,070
Total plan assets at beginning of year	2019-12-31	$12,355,160
Value of fidelity bond covering the plan	2019-12-31	$930,000
Total contributions received or receivable from participants	2019-12-31	$283,481
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$19,862
Other income received	2019-12-31	$2,350,556
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$2,874,910
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$15,230,070
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$12,355,160
Total contributions received or receivable from employer(s)	2019-12-31	$465,353
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$2,814

Form 5500 Responses for DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN

2023: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	Yes
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: DERMATOLOGY ASSOCIATES OF KENTUCKY, PSC 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

801035-000

Policy instance

Insurance contract or identification number	801035-000
Number of Individuals Covered	0
Insurance policy start date	2019-01-01
Insurance policy end date	2019-11-30
Total amount of commissions paid to insurance broker	USD $18,239
Total amount of fees paid to insurance company	USD $6,425
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $18,239
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

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Company Name:	DERMATOLOGY ASSOCIATES OF KENTUCKY, P.S.C.
Employer identification number (EIN):	610701663
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)