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MEDPROS NEWPORT INC. CASH BALANCE PLAN 401k Plan overview

Plan NameMEDPROS NEWPORT INC. CASH BALANCE PLAN
Plan identification number 002

MEDPROS NEWPORT INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MEDICAL PROFESSIONAL STAFFING SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MEDICAL PROFESSIONAL STAFFING SERVICES, INC.
Employer identification number (EIN):208537763
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MEDPROS NEWPORT INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022019-01-01

Financial Data on MEDPROS NEWPORT INC. CASH BALANCE PLAN

Measure Date Value
2025 : MEDPROS NEWPORT INC. CASH BALANCE PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-154610
Net assets as of the end of the plan year2025-10-15750109
Total assets as of the beginning of the plan year2025-10-15437231
Value of plan covered by a fidelity bond2025-10-1550000
Other income to plan in this plan year2025-10-1571510
Plan net income in this plan year2025-10-15312878
Net assets as of the end of the plan year2025-10-15750109
Net assets as of the beginning of the plan year2025-10-15437231
Employer contributions to plan in this plan year2025-10-15245978
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-154610
2024 : MEDPROS NEWPORT INC. CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-154610
Net assets as of the end of the plan year2024-10-15865737
Total assets as of the beginning of the plan year2024-10-15437231
Value of plan covered by a fidelity bond2024-10-1550000
Other income to plan in this plan year2024-10-1571510
Plan net income in this plan year2024-10-15428506
Net assets as of the end of the plan year2024-10-15865737
Net assets as of the beginning of the plan year2024-10-15437231
Employer contributions to plan in this plan year2024-10-15361606
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-154610
2022 : MEDPROS NEWPORT INC. CASH BALANCE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-123680
Net assets as of the end of the plan year2022-10-12353041
Total assets as of the beginning of the plan year2022-10-12156251
Value of plan covered by a fidelity bond2022-10-1230000
Other income to plan in this plan year2022-10-1241591
Plan net income in this plan year2022-10-12196790
Net assets as of the end of the plan year2022-10-12353041
Net assets as of the beginning of the plan year2022-10-12156251
Employer contributions to plan in this plan year2022-10-12158879
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-122567

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