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ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 401k Plan overview

Plan NameORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN
Plan identification number 001

ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) 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.
  • 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

ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. has sponsored the creation of one or more 401k plans.

Company Name:ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A.
Employer identification number (EIN):650452574
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1993-11-12
Company Identification Number: P93000079631
Legal Registered Office Address: 3059 GRAND AVENUE

MIAMI

33133

More information about ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROBIN FIELDING2023-10-11
0012021-01-01
0012020-01-01ROBIN FIELDING2021-10-15
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01ROBIN FIELDING2016-10-04
0012014-01-01ROBIN FIELDING2015-07-07
0012013-01-01ROBIN FIELDING2014-05-15
0012012-01-01ROBIN FIELDING2013-07-30
0012011-01-01ROBIN FIELDING2012-10-01
0012010-01-01ROBIN FIELDING2011-10-10

Plan Statistics for ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN

401k plan membership statisitcs for ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN

Measure Date Value
2022: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01120
Total number of active participants reported on line 7a of the Form 55002022-01-0196
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0118
Total of all active and inactive participants2022-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01114
Number of participants with account balances2022-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01116
Total number of active participants reported on line 7a of the Form 55002021-01-01105
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0113
Total of all active and inactive participants2021-01-01120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01120
Number of participants with account balances2021-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01127
Total number of active participants reported on line 7a of the Form 55002020-01-01101
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0113
Total of all active and inactive participants2020-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01116
Number of participants with account balances2020-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014

Financial Data on ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN

Measure Date Value
2022 : ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-2,609,825
Total of all expenses incurred2022-12-31$422,190
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$321,521
Expenses. Certain deemed distributions of participant loans2022-12-31$15,401
Value of total corrective distributions2022-12-31$41,153
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,263,832
Value of total assets at end of year2022-12-31$20,218,191
Value of total assets at beginning of year2022-12-31$23,250,206
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$44,115
Total interest from all sources2022-12-31$8,530
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$546,040
Participant contributions at end of year2022-12-31$146,511
Participant contributions at beginning of year2022-12-31$167,849
Participant contributions at end of year2022-12-31$-36
Participant contributions at beginning of year2022-12-31$-36
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$3,250
Total non interest bearing cash at end of year2022-12-31$6,239
Total non interest bearing cash at beginning of year2022-12-31$853
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,032,015
Value of net assets at end of year (total assets less liabilities)2022-12-31$20,218,191
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$23,250,206
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$19,550,260
Value of interest in pooled separate accounts at beginning of year2022-12-31$22,598,974
Interest on participant loans2022-12-31$8,530
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,882,187
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$717,792
Employer contributions (assets) at end of year2022-12-31$515,217
Employer contributions (assets) at beginning of year2022-12-31$482,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$321,521
Contract administrator fees2022-12-31$40,865
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PRICEKUBECKA, PLLC
Accountancy firm EIN2022-12-31752783674
2021 : ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$4,101,487
Total of all expenses incurred2021-12-31$1,643,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,643,283
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,192,633
Value of total assets at end of year2021-12-31$23,250,206
Value of total assets at beginning of year2021-12-31$20,792,002
Total interest from all sources2021-12-31$10,288
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$528,966
Participant contributions at end of year2021-12-31$167,849
Participant contributions at beginning of year2021-12-31$194,092
Participant contributions at end of year2021-12-31$-36
Participant contributions at beginning of year2021-12-31$-77
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$853
Total non interest bearing cash at beginning of year2021-12-31$17,019
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,458,204
Value of net assets at end of year (total assets less liabilities)2021-12-31$23,250,206
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$20,792,002
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$22,598,974
Value of interest in pooled separate accounts at beginning of year2021-12-31$20,120,729
Interest on participant loans2021-12-31$10,288
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,898,566
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$663,667
Employer contributions (assets) at end of year2021-12-31$482,566
Employer contributions (assets) at beginning of year2021-12-31$460,239
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,643,283
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PRICEKUBECKA, PLLC
Accountancy firm EIN2021-12-31752783674
2020 : ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$3,793,631
Total of all expenses incurred2020-12-31$2,010,063
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,010,063
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,156,434
Value of total assets at end of year2020-12-31$20,792,002
Value of total assets at beginning of year2020-12-31$19,008,434
Total interest from all sources2020-12-31$14,207
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$514,964
Participant contributions at end of year2020-12-31$194,092
Participant contributions at beginning of year2020-12-31$265,946
Participant contributions at end of year2020-12-31$-77
Participant contributions at beginning of year2020-12-31$7,925
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$17,019
Total non interest bearing cash at beginning of year2020-12-31$33,554
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,783,568
Value of net assets at end of year (total assets less liabilities)2020-12-31$20,792,002
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$19,008,434
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$20,120,729
Value of interest in pooled separate accounts at beginning of year2020-12-31$18,253,566
Interest on participant loans2020-12-31$14,207
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,622,990
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$641,470
Employer contributions (assets) at end of year2020-12-31$460,239
Employer contributions (assets) at beginning of year2020-12-31$447,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,010,063
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31PRICEKUBECKA, PLLC
Accountancy firm EIN2020-12-31752783674

Form 5500 Responses for ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN

2022: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ORTHOPAEDIC CENTER OF SOUTH FLORIDA, P.A. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number93010
Policy instance 1
Insurance contract or identification number93010
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $10,096
Total amount of fees paid to insurance companyUSD $3,250
Commission paid to Insurance BrokerUSD $10,096
Amount paid for insurance broker fees3250
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number93010
Policy instance 1
Insurance contract or identification number93010
Number of Individuals Covered120
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $11,065
Total amount of fees paid to insurance companyUSD $2,570
Commission paid to Insurance BrokerUSD $11,065
Amount paid for insurance broker fees2570
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number93010
Policy instance 1
Insurance contract or identification number93010
Number of Individuals Covered109
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $8,673
Total amount of fees paid to insurance companyUSD $2,397
Commission paid to Insurance BrokerUSD $8,673
Amount paid for insurance broker fees2397
Insurance broker organization code?5

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