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JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameJAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN
Plan identification number 001

JAMES E. TEARSE, MD 401(K) PROFIT SHARING 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
  • 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.
  • Plan covering Self-Employed individuals.
  • 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

JAMES E. TEARSE, MD has sponsored the creation of one or more 401k plans.

Company Name:JAMES E. TEARSE, MD
Employer identification number (EIN):943131938
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KAREN WRIGHT2024-05-02
0012022-01-01KAREN WRIGHT2023-10-15
0012021-01-01KAREN WRIGHT2022-10-10
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01JAMES TEARSE2016-10-17
0012014-01-01JAMES TEARSE2015-10-14 JAMES TEARSE2015-10-14
0012013-01-01JAMES TEARSE2014-10-01 JAMES TEARSE2014-10-01
0012012-01-01JAMES TEARSE2013-10-02 JAMES TEARSE2013-10-02
0012011-01-01JAMES TEARSE2012-07-31 JAMES TEARSE2012-07-31
0012010-01-01JAMES TEARSE2011-10-08 JAMES TEARSE2011-10-08

Financial Data on JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-08-210
Total liabilities as of the beginning of the plan year2025-08-210
Total expenses incurred by plan in this plan year2025-08-21212065
Net assets as of the end of the plan year2025-08-211653786
Total assets as of the beginning of the plan year2025-08-211713943
Value of plan covered by a fidelity bond2025-08-21180000
Participant contributions to plan in this plan year2025-08-2148300
Value of participant loans at end of plan year2025-08-215366
Other expenses paid from plan in this plan year2025-08-210
Other contributions to plan in this plan year2025-08-210
Other income to plan in this plan year2025-08-2165621
Plan net income in this plan year2025-08-21-60157
Net assets as of the end of the plan year2025-08-211653786
Net assets as of the beginning of the plan year2025-08-211713943
Employer contributions to plan in this plan year2025-08-2137987
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-210
2024 : JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-020
Total liabilities as of the end of the plan year2024-05-020
Total liabilities as of the beginning of the plan year2024-05-020
Total expenses incurred by plan in this plan year2024-05-020
Net assets as of the end of the plan year2024-05-021713943
Total assets as of the beginning of the plan year2024-05-021497315
Value of plan covered by a fidelity bond2024-05-02160000
Participant contributions to plan in this plan year2024-05-0260908
Other expenses paid from plan in this plan year2024-05-020
Other contributions to plan in this plan year2024-05-020
Other income to plan in this plan year2024-05-02122008
Plan net income in this plan year2024-05-02216628
Net assets as of the end of the plan year2024-05-021713943
Net assets as of the beginning of the plan year2024-05-021497315
Employer contributions to plan in this plan year2024-05-0233712
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-020
2022 : JAMES E. TEARSE, MD 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-100
Total liabilities as of the end of the plan year2022-10-100
Total liabilities as of the beginning of the plan year2022-10-100
Total expenses incurred by plan in this plan year2022-10-100
Net assets as of the end of the plan year2022-10-101419850
Total assets as of the beginning of the plan year2022-10-101319322
Value of plan covered by a fidelity bond2022-10-10140000
Participant contributions to plan in this plan year2022-10-1026100
Value of participant loans at end of plan year2022-10-101023
Other expenses paid from plan in this plan year2022-10-100
Other contributions to plan in this plan year2022-10-100
Other income to plan in this plan year2022-10-1049725
Plan net income in this plan year2022-10-10100528
Net assets as of the end of the plan year2022-10-101419850
Net assets as of the beginning of the plan year2022-10-101319322
Employer contributions to plan in this plan year2022-10-1024703
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-100

Potentially related plans

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