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FAMILY MEDICAL CLINIC 401(K) PLAN 401k Plan overview

Plan NameFAMILY MEDICAL CLINIC 401(K) PLAN
Plan identification number 001

FAMILY MEDICAL CLINIC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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 MEDICAL CLINIC has sponsored the creation of one or more 401k plans.

Company Name:FAMILY MEDICAL CLINIC
Employer identification number (EIN):843362796
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 MEDICAL CLINIC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01DEBORAH LEGGETT
0012023-01-01
0012023-01-01DEBORAH LEGGETT
0012022-01-01
0012022-01-01DEBORAH LEGGETT

Financial Data on FAMILY MEDICAL CLINIC 401(K) PLAN

Measure Date Value
2024 : FAMILY MEDICAL CLINIC 401(K) PLAN 2024 401k financial data
Total income from all sources2024-01-01$42,045
Expenses. Total of all expenses incurred2024-01-01$1,436
Benefits paid (including direct rollovers)2024-01-01$1,386
Total plan assets at end of year2024-01-01$91,075
Total plan assets at beginning of year2024-01-01$50,466
Total contributions received or receivable from participants2024-01-01$31,524
Other income received2024-01-01$8,326
Net income (gross income less expenses)2024-01-01$40,609
Net plan assets at end of year (total assets less liabilities)2024-01-01$91,075
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$50,466
Total contributions received or receivable from employer(s)2024-01-01$2,195
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$50
2023 : FAMILY MEDICAL CLINIC 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$40,574
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$50,466
Total plan assets at beginning of year2023-12-31$9,892
Total contributions received or receivable from participants2023-12-31$32,582
Other income received2023-12-31$5,038
Net income (gross income less expenses)2023-12-31$40,574
Net plan assets at end of year (total assets less liabilities)2023-12-31$50,466
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$9,892
Total contributions received or receivable from employer(s)2023-12-31$2,954
2022 : FAMILY MEDICAL CLINIC 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$9,892
Total plan assets at end of year2022-12-31$9,892
Total plan assets at beginning of year2022-12-31$0
Total contributions received or receivable from participants2022-12-31$990
Other income received2022-12-31$15
Net income (gross income less expenses)2022-12-31$9,892
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,892
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$8,887

Form 5500 Responses for FAMILY MEDICAL CLINIC 401(K) PLAN

2023: FAMILY MEDICAL CLINIC 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FAMILY MEDICAL CLINIC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81M231
Policy instance 1
Insurance contract or identification number81M231
Number of Individuals Covered8
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $138
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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