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THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTHE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN
Plan identification number 001

THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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

THE BEHAVIORAL CENTER OF MICHIGAN has sponsored the creation of one or more 401k plans.

Company Name:THE BEHAVIORAL CENTER OF MICHIGAN
Employer identification number (EIN):900499723
NAIC Classification:621399
NAIC Description:Offices of All Other Miscellaneous Health Practitioners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01RYAN GUNABALAN2023-08-21
0012021-01-01RYAN GUNABALAN2022-08-31
0012020-01-01RYAN GUNABALAN2021-07-28

Financial Data on THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN

Measure Date Value
2025 : THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-16161244
Net assets as of the end of the plan year2025-05-161091737
Total assets as of the beginning of the plan year2025-05-16926390
Value of plan covered by a fidelity bond2025-05-16100000
Participant contributions to plan in this plan year2025-05-16204316
Value of participant loans at end of plan year2025-05-1650710
Other income to plan in this plan year2025-05-16122275
Plan net income in this plan year2025-05-16165347
Net assets as of the end of the plan year2025-05-161091737
Net assets as of the beginning of the plan year2025-05-16926390
Employer contributions to plan in this plan year2025-05-160
Fees paid to broker by Benefit Provider2025-05-167472
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-1621320
2024 : THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-06-107639
Total expenses incurred by plan in this plan year2024-06-10184839
Net assets as of the end of the plan year2024-06-10926390
Total assets as of the beginning of the plan year2024-06-10785809
Value of plan covered by a fidelity bond2024-06-10100000
Participant contributions to plan in this plan year2024-06-10191074
Value of participant loans at end of plan year2024-06-1050597
Other contributions to plan in this plan year2024-06-107735
Other income to plan in this plan year2024-06-10134250
Plan net income in this plan year2024-06-10148220
Net assets as of the end of the plan year2024-06-10926390
Net assets as of the beginning of the plan year2024-06-10778170
Employer contributions to plan in this plan year2024-06-100
Fees paid to broker by Benefit Provider2024-06-106887
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-1018848
2022 : THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$7,639
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$7,268
Total income from all sources (including contributions)2022-12-31$68,726
Total of all expenses incurred2022-12-31$176,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$158,902
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$224,108
Value of total assets at end of year2022-12-31$785,809
Value of total assets at beginning of year2022-12-31$893,438
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$17,824
Total interest from all sources2022-12-31$400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$100,000
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$177,543
Participant contributions at end of year2022-12-31$10,979
Participant contributions at beginning of year2022-12-31$6,158
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$46,565
Total non interest bearing cash at beginning of year2022-12-31$895
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-108,000
Value of net assets at end of year (total assets less liabilities)2022-12-31$778,170
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$886,170
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
Investment advisory and management fees2022-12-31$16,267
Value of interest in pooled separate accounts at end of year2022-12-31$774,830
Value of interest in pooled separate accounts at beginning of year2022-12-31$886,385
Interest on participant loans2022-12-31$400
Net investment gain/loss from pooled separate accounts2022-12-31$-155,782
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$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$158,902
Contract administrator fees2022-12-31$1,557
Liabilities. Value of benefit claims payable at end of year2022-12-31$7,639
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$7,268
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 name2022-12-31DOEREN MAYHEW CPAS AND ADVISORS
Accountancy firm EIN2022-12-31382492570
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$7,639
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$7,268
Total income from all sources (including contributions)2022-01-01$68,726
Total of all expenses incurred2022-01-01$176,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$158,902
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$224,108
Value of total assets at end of year2022-01-01$785,809
Value of total assets at beginning of year2022-01-01$893,438
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$17,824
Total interest from all sources2022-01-01$400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Administrative expenses professional fees incurred2022-01-01$0
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$100,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$177,543
Participant contributions at end of year2022-01-01$10,979
Participant contributions at beginning of year2022-01-01$6,158
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$46,565
Total non interest bearing cash at beginning of year2022-01-01$895
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-108,000
Value of net assets at end of year (total assets less liabilities)2022-01-01$778,170
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$886,170
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$16,267
Value of interest in pooled separate accounts at end of year2022-01-01$774,830
Value of interest in pooled separate accounts at beginning of year2022-01-01$886,385
Interest on participant loans2022-01-01$400
Net investment gain/loss from pooled separate accounts2022-01-01$-155,782
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$158,902
Contract administrator fees2022-01-01$1,557
Liabilities. Value of benefit claims payable at end of year2022-01-01$7,639
Liabilities. Value of benefit claims payable at beginning of year2022-01-01$7,268
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01DOEREN MAYHEW CPAS AND ADVISORS
Accountancy firm EIN2022-01-01382492570
2021 : THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$7,268
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$11,085
Total income from all sources (including contributions)2021-12-31$251,530
Total of all expenses incurred2021-12-31$157,101
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$139,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$149,641
Value of total assets at end of year2021-12-31$893,438
Value of total assets at beginning of year2021-12-31$802,826
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$17,943
Total interest from all sources2021-12-31$498
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$727
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$100,000
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$148,746
Participant contributions at end of year2021-12-31$6,158
Participant contributions at beginning of year2021-12-31$7,892
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$895
Other income not declared elsewhere2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$895
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
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$94,429
Value of net assets at end of year (total assets less liabilities)2021-12-31$886,170
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$791,741
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$886,385
Value of interest in pooled separate accounts at beginning of year2021-12-31$794,934
Interest on participant loans2021-12-31$498
Net investment gain/loss from pooled separate accounts2021-12-31$101,391
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$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$139,158
Contract administrator fees2021-12-31$17,216
Liabilities. Value of benefit claims payable at end of year2021-12-31$7,268
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$11,085
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 name2021-12-31DOEREN MAYHEW CPAS AND ADVISORS
Accountancy firm EIN2021-12-31382492570
2020 : THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$11,085
Total income from all sources (including contributions)2020-12-31$304,995
Total of all expenses incurred2020-12-31$127,653
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$115,128
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$206,334
Value of total assets at end of year2020-12-31$802,826
Value of total assets at beginning of year2020-12-31$614,399
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$12,525
Total interest from all sources2020-12-31$542
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$100,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$167,064
Participant contributions at end of year2020-12-31$7,892
Participant contributions at beginning of year2020-12-31$10,483
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$39,270
Administrative expenses (other) incurred2020-12-31$690
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
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$177,342
Value of net assets at end of year (total assets less liabilities)2020-12-31$791,741
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$614,399
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$794,934
Value of interest in pooled separate accounts at beginning of year2020-12-31$603,916
Interest on participant loans2020-12-31$542
Net investment gain/loss from pooled separate accounts2020-12-31$98,119
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$115,128
Contract administrator fees2020-12-31$11,835
Liabilities. Value of benefit claims payable at end of year2020-12-31$11,085
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31DOEREN MAYHEW CPAS AND ADVISORS
Accountancy firm EIN2020-12-31382492570

Form 5500 Responses for THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT PLAN

2022: THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT 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: THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT 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: THE BEHAVIORAL CENTER OF MICHIGAN 401(K) RETIREMENT 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 number85266
Policy instance 1
Insurance contract or identification number85266
Number of Individuals Covered52
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $5,887
Total amount of fees paid to insurance companyUSD $397
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number85266
Policy instance 1
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number85266
Policy instance 1

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