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MENTAL HEALTH OF MIAMI INC 401k Plan overview

Plan NameMENTAL HEALTH OF MIAMI INC
Plan identification number 001

MENTAL HEALTH OF MIAMI INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

MENTAL HEALTH OF MIAMI INC has sponsored the creation of one or more 401k plans.

Company Name:MENTAL HEALTH OF MIAMI INC
Employer identification number (EIN):810961276
NAIC Classification:621330
NAIC Description:Offices of Mental Health Practitioners (except Physicians)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MENTAL HEALTH OF MIAMI INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL CASTRO2024-10-19
0012022-01-01MICHAEL CASTRO2023-07-08
0012021-01-01MICHAEL CASTRO2022-10-03
0012021-01-01MICHAEL CASTRO2022-10-03
0012020-01-01MICHAEL CASTRO2021-06-08
0012019-01-01MICHAEL CASTRO2020-07-02

Plan Statistics for MENTAL HEALTH OF MIAMI INC

401k plan membership statisitcs for MENTAL HEALTH OF MIAMI INC

Measure Date Value
2025: MENTAL HEALTH OF MIAMI INC 2025 401k membership
Total number of particpants at beginning of year2025-05-3112
Total number of particpants at end of year2025-05-3111
Number of Participants With Account Balances2025-05-314
2024: MENTAL HEALTH OF MIAMI INC 2024 401k membership
Total number of particpants at beginning of year2024-10-1914
Total number of particpants at end of year2024-10-1912
Number of Participants With Account Balances2024-10-194
2022: MENTAL HEALTH OF MIAMI INC 2022 401k membership
Total number of particpants at beginning of year2022-10-0310
Total number of particpants at end of year2022-10-0310
Number of Participants With Account Balances2022-10-033

Financial Data on MENTAL HEALTH OF MIAMI INC

Measure Date Value
2025 : MENTAL HEALTH OF MIAMI INC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-315003
Net assets as of the end of the plan year2025-05-3112107
Total assets as of the beginning of the plan year2025-05-3115481
Value of plan covered by a fidelity bond2025-05-312000
Value of participant loans at end of plan year2025-05-310
Other income to plan in this plan year2025-05-311629
Plan net income in this plan year2025-05-31-3374
Net assets as of the end of the plan year2025-05-3112107
Net assets as of the beginning of the plan year2025-05-3115481
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-3153
2024 : MENTAL HEALTH OF MIAMI INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-19174
Net assets as of the end of the plan year2024-10-1915481
Total assets as of the beginning of the plan year2024-10-1911479
Value of plan covered by a fidelity bond2024-10-192000
Participant contributions to plan in this plan year2024-10-192125
Value of participant loans at end of plan year2024-10-194698
Other income to plan in this plan year2024-10-192051
Plan net income in this plan year2024-10-194002
Net assets as of the end of the plan year2024-10-1915481
Net assets as of the beginning of the plan year2024-10-1911479
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-19174
2022 : MENTAL HEALTH OF MIAMI INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-03165
Net assets as of the end of the plan year2022-10-0310321
Total assets as of the beginning of the plan year2022-10-037448
Value of plan covered by a fidelity bond2022-10-031000
Participant contributions to plan in this plan year2022-10-031902
Value of participant loans at end of plan year2022-10-032921
Other income to plan in this plan year2022-10-031136
Plan net income in this plan year2022-10-032873
Net assets as of the end of the plan year2022-10-0310321
Net assets as of the beginning of the plan year2022-10-037448
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-03165

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