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HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 401k Plan overview

Plan NameHEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN
Plan identification number 005

HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

HEALTHCARE PARTNERS MEDICAL GROUP, P.C. has sponsored the creation of one or more 401k plans.

Company Name:HEALTHCARE PARTNERS MEDICAL GROUP, P.C.
Employer identification number (EIN):954340584
NAIC Classification:621112
NAIC Description:Offices of Physicians, Mental Health Specialists

Additional information about HEALTHCARE PARTNERS MEDICAL GROUP, P.C.

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 2005-05-26
Company Identification Number: 20051212038
Legal Registered Office Address: 6065 Twin Rock Court

Colorado Springs
United States of America (USA)
80918

More information about HEALTHCARE PARTNERS MEDICAL GROUP, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052011-01-01TED HALKIAS
0052009-01-01TED HALKIAS

Plan Statistics for HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN

401k plan membership statisitcs for HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN

Measure Date Value
2011: HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01884
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01981
Total number of active participants reported on line 7a of the Form 55002009-01-01888
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0154
Total of all active and inactive participants2009-01-01942
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01942
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN

Measure Date Value
2011 : HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$291,707
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$13,351,674
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$13,351,674
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$289,388
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$13,059,967
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$2,319
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Total non interest bearing cash at beginning of year2011-12-31$24
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-13,059,967
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$13,059,967
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$12,485,945
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$12,485,945
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2,319
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$289,388
Employer contributions (assets) at beginning of year2011-12-31$573,998
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$13,351,674
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31MILLER, KAPLAN, ARASE & CO., LLP
Accountancy firm EIN2011-12-31952036255
2010 : HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$11,296
Total income from all sources (including contributions)2010-12-31$590,041
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$466,595
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$466,585
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$573,998
Value of total assets at end of year2010-12-31$13,059,967
Value of total assets at beginning of year2010-12-31$12,947,817
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$10
Total interest from all sources2010-12-31$16,043
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$10
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Total non interest bearing cash at end of year2010-12-31$24
Total non interest bearing cash at beginning of year2010-12-31$11,330
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$123,446
Value of net assets at end of year (total assets less liabilities)2010-12-31$13,059,967
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,936,521
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$12,485,945
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$12,214,755
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$12,214,755
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$16,043
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$573,998
Employer contributions (assets) at end of year2010-12-31$573,998
Employer contributions (assets) at beginning of year2010-12-31$721,732
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$466,585
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$11,296
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31MILLER, KAPLAN, ARASE & CO., LLP
Accountancy firm EIN2010-12-31952036255
2009 : HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN

2011: HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT 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 filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: HEALTHCARE PARTNERS MEDICAL GROUP, INC. CASH BALANCE RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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