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INTERNAL MEDICINE AND WELLNESS 401(K) PLAN 401k Plan overview

Plan NameINTERNAL MEDICINE AND WELLNESS 401(K) PLAN
Plan identification number 001

INTERNAL MEDICINE AND WELLNESS 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

INTERNAL MEDICINE AND WELLNESS has sponsored the creation of one or more 401k plans.

Company Name:INTERNAL MEDICINE AND WELLNESS
Employer identification number (EIN):680416551
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNAL MEDICINE AND WELLNESS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01FLORIA THOMAS2024-06-20
0012022-01-01FLORIA THOMAS2023-06-14
0012021-01-01FLORIA THOMAS2022-05-26
0012020-01-01FLORIA THOMAS2021-10-07
0012019-01-01FLORIA THOMAS2020-06-30
0012018-01-01FLORIA THOMAS2019-06-22
0012017-01-01FLORIA THOMAS2018-05-20
0012016-01-01FLORIA THOMAS2017-06-16
0012015-01-01FLORIA THOMAS2016-07-05
0012013-01-01STEPHANIE BANISTER2013-12-20
0012012-04-01STEPHANIE BANISTER2013-10-07
0012011-01-01KATHERINE BISHARAT2012-02-10
0012010-01-01KATHERINE BISHARAT2011-10-14

Plan Statistics for INTERNAL MEDICINE AND WELLNESS 401(K) PLAN

401k plan membership statisitcs for INTERNAL MEDICINE AND WELLNESS 401(K) PLAN

Measure Date Value
2025: INTERNAL MEDICINE AND WELLNESS 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-3020
Total number of particpants at end of year2025-05-3023
Number of Participants With Account Balances2025-05-3023
2024: INTERNAL MEDICINE AND WELLNESS 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-2019
Total number of particpants at end of year2024-06-2020
Number of Participants With Account Balances2024-06-2020

Financial Data on INTERNAL MEDICINE AND WELLNESS 401(K) PLAN

Measure Date Value
2025 : INTERNAL MEDICINE AND WELLNESS 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-3037027
Net assets as of the end of the plan year2025-05-301860482
Total assets as of the beginning of the plan year2025-05-301530047
Value of plan covered by a fidelity bond2025-05-30154000
Participant contributions to plan in this plan year2025-05-3066058
Value of participant loans at end of plan year2025-05-30550
Other income to plan in this plan year2025-05-30198711
Plan net income in this plan year2025-05-30330435
Net assets as of the end of the plan year2025-05-301860482
Net assets as of the beginning of the plan year2025-05-301530047
Employer contributions to plan in this plan year2025-05-30102693
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-30150
2024 : INTERNAL MEDICINE AND WELLNESS 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-2037069
Net assets as of the end of the plan year2024-06-201530047
Total assets as of the beginning of the plan year2024-06-201209097
Value of plan covered by a fidelity bond2024-06-20121000
Participant contributions to plan in this plan year2024-06-2076379
Value of participant loans at end of plan year2024-06-203259
Other income to plan in this plan year2024-06-20191255
Plan net income in this plan year2024-06-20320950
Net assets as of the end of the plan year2024-06-201530047
Net assets as of the beginning of the plan year2024-06-201209097
Employer contributions to plan in this plan year2024-06-2090385
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2055

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