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MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 401k Plan overview

Plan NameMEDICAL BILLING SOLUTIONS INC. 401(K) PLAN
Plan identification number 001

MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 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

MEDICAL BILLING SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL BILLING SOLUTIONS, INC.
Employer identification number (EIN):900645073
NAIC Classification:541219
NAIC Description:Other Accounting Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01GILLES GODIN GILLES GODIN2016-09-26
0012013-01-01GILLES GODIN
0012012-01-01GILLES GODIN
0012011-01-01GILLES GODIN

Plan Statistics for MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN

401k plan membership statisitcs for MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN

Measure Date Value
2014: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0130
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0141
Total number of active participants reported on line 7a of the Form 55002013-01-0116
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0130
Number of participants with account balances2013-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0139
Total number of active participants reported on line 7a of the Form 55002012-01-0127
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0114
Total of all active and inactive participants2012-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0141
Number of participants with account balances2012-01-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0137
Total number of active participants reported on line 7a of the Form 55002011-01-0130
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-019
Total of all active and inactive participants2011-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0139
Number of participants with account balances2011-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012

Financial Data on MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN

Measure Date Value
2014 : MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-09-29$0
Total plan liabilities at end of year2014-09-29$0
Total plan liabilities at beginning of year2014-09-29$0
Total income from all sources2014-09-29$13,267
Expenses. Total of all expenses incurred2014-09-29$166,226
Benefits paid (including direct rollovers)2014-09-29$161,396
Total plan assets at end of year2014-09-29$0
Total plan assets at beginning of year2014-09-29$152,959
Value of fidelity bond covering the plan2014-09-29$50,000
Total contributions received or receivable from participants2014-09-29$3,887
Expenses. Other expenses not covered elsewhere2014-09-29$0
Contributions received from other sources (not participants or employers)2014-09-29$0
Other income received2014-09-29$6,761
Noncash contributions received2014-09-29$0
Net income (gross income less expenses)2014-09-29$-152,959
Net plan assets at end of year (total assets less liabilities)2014-09-29$0
Net plan assets at beginning of year (total assets less liabilities)2014-09-29$152,959
Assets. Value of participant loans2014-09-29$0
Total contributions received or receivable from employer(s)2014-09-29$2,619
Value of certain deemed distributions of participant loans2014-09-29$0
Value of corrective distributions2014-09-29$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-09-29$4,830
2013 : MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$59,950
Expenses. Total of all expenses incurred2013-12-31$335,490
Benefits paid (including direct rollovers)2013-12-31$327,117
Total plan assets at end of year2013-12-31$152,959
Total plan assets at beginning of year2013-12-31$428,499
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$11,057
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$40,416
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-275,540
Net plan assets at end of year (total assets less liabilities)2013-12-31$152,959
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$428,499
Assets. Value of participant loans2013-12-31$1,061
Total contributions received or receivable from employer(s)2013-12-31$8,477
Value of certain deemed distributions of participant loans2013-12-31$6,494
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,879
2012 : MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$81,097
Expenses. Total of all expenses incurred2012-12-31$82,258
Benefits paid (including direct rollovers)2012-12-31$79,995
Total plan assets at end of year2012-12-31$428,499
Total plan assets at beginning of year2012-12-31$429,660
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$19,839
Other income received2012-12-31$48,958
Net income (gross income less expenses)2012-12-31$-1,161
Net plan assets at end of year (total assets less liabilities)2012-12-31$428,499
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$429,660
Assets. Value of participant loans2012-12-31$7,531
Total contributions received or receivable from employer(s)2012-12-31$12,300
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$2,263
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$40,461
Expenses. Total of all expenses incurred2011-12-31$8,720
Benefits paid (including direct rollovers)2011-12-31$6,408
Total plan assets at end of year2011-12-31$429,660
Total plan assets at beginning of year2011-12-31$397,919
Total contributions received or receivable from participants2011-12-31$29,285
Other income received2011-12-31$-7,138
Net income (gross income less expenses)2011-12-31$31,741
Net plan assets at end of year (total assets less liabilities)2011-12-31$429,660
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$397,919
Assets. Value of participant loans2011-12-31$13,858
Total contributions received or receivable from employer(s)2011-12-31$18,314
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,312
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN

2014: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MEDICAL BILLING SOLUTIONS INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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