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PHYSICIANS NETWORK ASSOCIATION 401k Plan overview

Plan NamePHYSICIANS NETWORK ASSOCIATION
Plan identification number 001

PHYSICIANS NETWORK ASSOCIATION 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
  • 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.
  • 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

PHYSICIANS NETWORK ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:PHYSICIANS NETWORK ASSOCIATION
Employer identification number (EIN):752450559
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHYSICIANS NETWORK ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-11-01VERNON FARTHING, III VERNON FARTHING, III2014-06-23
0012011-11-01VERNON FARTHING, III VERNON FARTHING, III2013-07-22
0012010-11-01VERNON FARTHING, III VERNON FARTHING, III2012-08-15
0012009-11-01VERNON FARTHING, III VERNON FARTHING, III2011-08-15
0012009-11-01VERNON FARTHING, III VERNON FARTHING, III2011-09-28
0012009-11-01VERNON FARTHING, III VERNON FARTHING, III2011-08-15
0012008-11-01VERNON FARTHING, III VERNON FARTHING, III2011-06-08
0012008-11-01

Plan Statistics for PHYSICIANS NETWORK ASSOCIATION

401k plan membership statisitcs for PHYSICIANS NETWORK ASSOCIATION

Measure Date Value
2012: PHYSICIANS NETWORK ASSOCIATION 2012 401k membership
Total participants, beginning-of-year2012-11-01339
Total number of active participants reported on line 7a of the Form 55002012-11-010
Number of retired or separated participants receiving benefits2012-11-0168
Number of other retired or separated participants entitled to future benefits2012-11-010
Total of all active and inactive participants2012-11-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-11-010
Total participants2012-11-0168
Number of participants with account balances2012-11-01271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-11-010
2011: PHYSICIANS NETWORK ASSOCIATION 2011 401k membership
Total participants, beginning-of-year2011-11-01338
Total number of active participants reported on line 7a of the Form 55002011-11-01307
Number of retired or separated participants receiving benefits2011-11-0132
Number of other retired or separated participants entitled to future benefits2011-11-010
Total of all active and inactive participants2011-11-01339
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-11-010
Total participants2011-11-01339
Number of participants with account balances2011-11-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-11-010
2010: PHYSICIANS NETWORK ASSOCIATION 2010 401k membership
Total participants, beginning-of-year2010-11-01261
Total number of active participants reported on line 7a of the Form 55002010-11-0181
Number of retired or separated participants receiving benefits2010-11-010
Number of other retired or separated participants entitled to future benefits2010-11-01179
Total of all active and inactive participants2010-11-01260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-11-010
Total participants2010-11-01260
Number of participants with account balances2010-11-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-11-010
2009: PHYSICIANS NETWORK ASSOCIATION 2009 401k membership
Total participants, beginning-of-year2009-11-01265
Total number of active participants reported on line 7a of the Form 55002009-11-01218
Number of other retired or separated participants entitled to future benefits2009-11-0143
Total of all active and inactive participants2009-11-01261
Total participants2009-11-01261
Number of participants with account balances2009-11-01190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-010
2008: PHYSICIANS NETWORK ASSOCIATION 2008 401k membership
Total participants, beginning-of-year2008-11-01133
Total number of active participants reported on line 7a of the Form 55002008-11-01125
Number of other retired or separated participants entitled to future benefits2008-11-0133
Total of all active and inactive participants2008-11-01158
Total participants2008-11-01158
Number of participants with account balances2008-11-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-11-010

Financial Data on PHYSICIANS NETWORK ASSOCIATION

Measure Date Value
2014 : PHYSICIANS NETWORK ASSOCIATION 2014 401k financial data
Total transfer of assets to this plan2014-10-31$0
Total transfer of assets from this plan2014-10-31$0
Total income from all sources (including contributions)2014-10-31$29,347
Total loss/gain on sale of assets2014-10-31$17,121
Total of all expenses incurred2014-10-31$619,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-10-31$619,794
Value of total assets at end of year2014-10-31$0
Value of total assets at beginning of year2014-10-31$590,447
Total interest from all sources2014-10-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-10-31$12,226
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-10-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-10-31$0
Total dividends received from registered investment company shares (eg mutual funds)2014-10-31$12,226
Was this plan covered by a fidelity bond2014-10-31No
If this is an individual account plan, was there a blackout period2014-10-31No
Were there any nonexempt tranactions with any party-in-interest2014-10-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-10-31No
Value of net income/loss2014-10-31$-590,447
Value of net assets at end of year (total assets less liabilities)2014-10-31$0
Value of net assets at beginning of year (total assets less liabilities)2014-10-31$590,447
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-10-31No
Were any leases to which the plan was party in default or uncollectible2014-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-10-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-10-31$590,447
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-10-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-10-31No
Was there a failure to transmit to the plan any participant contributions2014-10-31No
Has the plan failed to provide any benefit when due under the plan2014-10-31No
Assets. Invements in employer securities at end of year2014-10-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-10-31$619,794
Did the plan have assets held for investment2014-10-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-10-31No
Aggregate proceeds on sale of assets2014-10-31$17,121
2013 : PHYSICIANS NETWORK ASSOCIATION 2013 401k financial data
Total transfer of assets to this plan2013-10-31$0
Total transfer of assets from this plan2013-10-31$0
Total income from all sources (including contributions)2013-10-31$282,272
Total loss/gain on sale of assets2013-10-31$113,822
Total of all expenses incurred2013-10-31$429,161
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-10-31$429,161
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-10-31$160,586
Value of total assets at end of year2013-10-31$590,447
Value of total assets at beginning of year2013-10-31$737,336
Total dividends received (eg from common stock, registered investment company shares)2013-10-31$7,864
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-10-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-10-31$0
Total dividends received from registered investment company shares (eg mutual funds)2013-10-31$7,864
Was this plan covered by a fidelity bond2013-10-31Yes
Value of fidelity bond cover2013-10-31$100,000
Were there any nonexempt tranactions with any party-in-interest2013-10-31No
Other income not declared elsewhere2013-10-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-10-31No
Value of net income/loss2013-10-31$-146,889
Value of net assets at end of year (total assets less liabilities)2013-10-31$590,447
Value of net assets at beginning of year (total assets less liabilities)2013-10-31$737,336
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-10-31No
Were any leases to which the plan was party in default or uncollectible2013-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-10-31$590,447
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-10-31$737,336
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-10-31No
Was there a failure to transmit to the plan any participant contributions2013-10-31No
Has the plan failed to provide any benefit when due under the plan2013-10-31No
Contributions received in cash from employer2013-10-31$160,586
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-10-31$429,161
Did the plan have assets held for investment2013-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-10-31No
Aggregate proceeds on sale of assets2013-10-31$113,822
2012 : PHYSICIANS NETWORK ASSOCIATION 2012 401k financial data
Total transfer of assets to this plan2012-10-31$0
Total transfer of assets from this plan2012-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-10-31$0
Total income from all sources (including contributions)2012-10-31$75,125
Total loss/gain on sale of assets2012-10-31$65,541
Total of all expenses incurred2012-10-31$234,545
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-10-31$234,545
Value of total assets at end of year2012-10-31$737,336
Value of total assets at beginning of year2012-10-31$896,756
Total dividends received (eg from common stock, registered investment company shares)2012-10-31$9,525
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-10-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-10-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-10-31$9,525
Was this plan covered by a fidelity bond2012-10-31Yes
Value of fidelity bond cover2012-10-31$100,000
If this is an individual account plan, was there a blackout period2012-10-31No
Were there any nonexempt tranactions with any party-in-interest2012-10-31No
Other income not declared elsewhere2012-10-31$59
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-31No
Value of net income/loss2012-10-31$-159,420
Value of net assets at end of year (total assets less liabilities)2012-10-31$737,336
Value of net assets at beginning of year (total assets less liabilities)2012-10-31$896,756
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-10-31No
Were any leases to which the plan was party in default or uncollectible2012-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-10-31$737,336
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-10-31$896,756
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-10-31No
Was there a failure to transmit to the plan any participant contributions2012-10-31No
Has the plan failed to provide any benefit when due under the plan2012-10-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-10-31$234,545
Did the plan have assets held for investment2012-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-10-31No
Aggregate proceeds on sale of assets2012-10-31$65,541
2011 : PHYSICIANS NETWORK ASSOCIATION 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-10-31$16,464
Total unrealized appreciation/depreciation of assets2011-10-31$16,464
Total transfer of assets to this plan2011-10-31$0
Total transfer of assets from this plan2011-10-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-10-31$0
Total income from all sources (including contributions)2011-10-31$169,311
Total loss/gain on sale of assets2011-10-31$0
Total of all expenses incurred2011-10-31$825,244
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-10-31$825,244
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-10-31$135,703
Value of total assets at end of year2011-10-31$896,756
Value of total assets at beginning of year2011-10-31$1,552,689
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-10-31$0
Total interest from all sources2011-10-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-10-31$17,144
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-10-31No
Was this plan covered by a fidelity bond2011-10-31Yes
Value of fidelity bond cover2011-10-31$100,000
If this is an individual account plan, was there a blackout period2011-10-31No
Were there any nonexempt tranactions with any party-in-interest2011-10-31No
Contributions received from participants2011-10-31$49,892
Participant contributions at beginning of year2011-10-31$12,290
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-10-31$60
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-10-31No
Value of net income/loss2011-10-31$-655,933
Value of net assets at end of year (total assets less liabilities)2011-10-31$896,756
Value of net assets at beginning of year (total assets less liabilities)2011-10-31$1,552,689
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-10-31No
Were any leases to which the plan was party in default or uncollectible2011-10-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-10-31$896,756
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-10-31$1,530,917
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-10-31No
Was there a failure to transmit to the plan any participant contributions2011-10-31No
Has the plan failed to provide any benefit when due under the plan2011-10-31No
Contributions received in cash from employer2011-10-31$85,811
Employer contributions (assets) at beginning of year2011-10-31$9,482
Income. Dividends from common stock2011-10-31$17,144
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-10-31$825,184
Did the plan have assets held for investment2011-10-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-10-31No

Form 5500 Responses for PHYSICIANS NETWORK ASSOCIATION

2012: PHYSICIANS NETWORK ASSOCIATION 2012 form 5500 responses
2012-11-01Type of plan entityMulitple employer plan
2012-11-01Submission has been amendedNo
2012-11-01This submission is the final filingNo
2012-11-01This return/report is a short plan year return/report (less than 12 months)No
2012-11-01Plan is a collectively bargained planNo
2012-11-01Plan funding arrangement – TrustYes
2012-11-01Plan benefit arrangement - TrustYes
2011: PHYSICIANS NETWORK ASSOCIATION 2011 form 5500 responses
2011-11-01Type of plan entityMulitple employer plan
2011-11-01Submission has been amendedNo
2011-11-01This submission is the final filingNo
2011-11-01This return/report is a short plan year return/report (less than 12 months)No
2011-11-01Plan is a collectively bargained planNo
2011-11-01Plan funding arrangement – TrustYes
2011-11-01Plan benefit arrangement - TrustYes
2010: PHYSICIANS NETWORK ASSOCIATION 2010 form 5500 responses
2010-11-01Type of plan entityMulitple employer plan
2010-11-01Submission has been amendedNo
2010-11-01This submission is the final filingNo
2010-11-01This return/report is a short plan year return/report (less than 12 months)No
2010-11-01Plan is a collectively bargained planNo
2010-11-01Plan funding arrangement – TrustYes
2010-11-01Plan benefit arrangement - TrustYes
2009: PHYSICIANS NETWORK ASSOCIATION 2009 form 5500 responses
2009-11-01Type of plan entityMulitple employer plan
2009-11-01Submission has been amendedNo
2009-11-01This submission is the final filingNo
2009-11-01This return/report is a short plan year return/report (less than 12 months)No
2009-11-01Plan is a collectively bargained planNo
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement - TrustYes
2008: PHYSICIANS NETWORK ASSOCIATION 2008 form 5500 responses
2008-11-01Type of plan entityMulitple employer plan
2008-11-01Submission has been amendedYes
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo
2008-11-01Plan funding arrangement – TrustYes
2008-11-01Plan benefit arrangement - TrustYes

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