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FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST 401k Plan overview

Plan NameFAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST
Plan identification number 001

FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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.
  • 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

FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA has sponsored the creation of one or more 401k plans.

Company Name:FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA
Employer identification number (EIN):630799220
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CRAIG DOWDEN2024-06-17
0012022-01-01CRAIG M. DOWDEN2023-07-06
0012021-01-01CRAIG M. DOWDEN2022-08-24 CRAIG DOWDEN2022-08-24
0012020-01-01CRAIG M. DOWDEN2021-07-06
0012019-01-01CRAIG DOWDEN2020-10-09
0012018-01-01CRAIG DOWDEN2019-07-31 CRAIG DOWDEN2019-07-31
0012017-01-01CRAIG M DOWDEN, MD2018-07-10
0012016-01-01CRAIG M. DOWDEN, MD2017-06-06
0012015-01-01CRAIG M. DOWDEN, MD2016-07-26
0012014-01-01CRAIG M. DOWDEN, MD2015-07-22
0012013-01-01MICHAEL MCBREARTY, MD2014-07-25
0012012-01-01MICHAEL MCBREARTY, MD2013-07-30
0012011-01-01WILLIAM C. BINGHAM, MD2012-07-24 WILLIAM C. BINGHAM, MD2012-07-24
0012010-01-01WILLIAM C. BINGHAM, MD2012-07-24 WILLIAM C. BINGHAM, MD2012-07-24
0012008-01-01WILLIAM C. BINGHAM, MD WILLIAM C. BINGHAM, MD2012-07-24

Financial Data on FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST

Measure Date Value
2025 : FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-070
Total liabilities as of the end of the plan year2025-07-070
Total liabilities as of the beginning of the plan year2025-07-070
Total expenses incurred by plan in this plan year2025-07-0715523
Net assets as of the end of the plan year2025-07-072221706
Total assets as of the beginning of the plan year2025-07-071882608
Value of plan covered by a fidelity bond2025-07-07188300
Participant contributions to plan in this plan year2025-07-0720607
Value of participant loans at end of plan year2025-07-076999
Other contributions to plan in this plan year2025-07-070
Other income to plan in this plan year2025-07-07308153
Plan net income in this plan year2025-07-07339098
Net assets as of the end of the plan year2025-07-072221706
Net assets as of the beginning of the plan year2025-07-071882608
Employer contributions to plan in this plan year2025-07-0725861
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-076337
2024 : FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-170
Total liabilities as of the end of the plan year2024-06-170
Total liabilities as of the beginning of the plan year2024-06-170
Total expenses incurred by plan in this plan year2024-06-17131555
Net assets as of the end of the plan year2024-06-171882608
Total assets as of the beginning of the plan year2024-06-171642060
Value of plan covered by a fidelity bond2024-06-17164300
Participant contributions to plan in this plan year2024-06-1742345
Value of participant loans at end of plan year2024-06-1713845
Other expenses paid from plan in this plan year2024-06-170
Other contributions to plan in this plan year2024-06-170
Other income to plan in this plan year2024-06-17315168
Plan net income in this plan year2024-06-17240548
Net assets as of the end of the plan year2024-06-171882608
Net assets as of the beginning of the plan year2024-06-171642060
Employer contributions to plan in this plan year2024-06-1714590
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-177897
2008 : FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST 2008 401k financial data
Total income from all sources2008-12-31$-412,179
Expenses. Total of all expenses incurred2008-12-31$1,285
Benefits paid (including direct rollovers)2008-12-31$1,285
Total plan assets at end of year2008-12-31$1,118,735
Total plan assets at beginning of year2008-12-31$1,532,199
Value of fidelity bond covering the plan2008-12-31$250,000
Total contributions received or receivable from participants2008-12-31$19,133
Other income received2008-12-31$-461,466
Net income (gross income less expenses)2008-12-31$-413,464
Net plan assets at end of year (total assets less liabilities)2008-12-31$1,118,735
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$1,532,199
Assets. Value of participant loans2008-12-31$25,000
Total contributions received or receivable from employer(s)2008-12-31$30,154

Form 5500 Responses for FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST

2008: FAMILY PRACTICE ASSOCIATES OF MONTROSE, PA PROFIT SHARING 401(K) PLAN & TRUST 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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