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ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

ASPEN MEDICAL GROUP, INC. 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

ASPEN MEDICAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:ASPEN MEDICAL GROUP, INC.
Employer identification number (EIN):300221533
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about ASPEN MEDICAL GROUP, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2003-12-22
Company Identification Number: C2620837
Legal Registered Office Address: 341 Magnolia Ave Ste 201

Corona
United States of America (USA)
92879

More information about ASPEN MEDICAL GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MAGDALEN EMERUWA2023-05-30
0012021-01-01MAGDALEN U. EMERUWA, M.SC.2022-06-27
0012020-01-01IHEANACHO EMERUWA2021-06-23
0012018-01-01MAGDALEN EMERUWA2019-05-17 MAGDALEN EMERUWA2019-05-17
0012017-01-01MAGDALEN EMERUWA2018-05-10
0012016-01-01MAGDALEN EMERUWA2017-06-29
0012015-01-01IHEANACHO EMERUWA2016-10-11
0012014-01-01IHEANACHO EMERUWA2015-09-28
0012013-01-01IHEANACHO EMERUWA2014-10-06
0012012-01-01IHEANACHO EMERUWA2013-06-14
0012011-01-01IHEANACHO EMERUWA2012-09-07
0012010-01-01IHEANACHO EMERUWA2011-04-29
0012007-01-01IHEANACHO EMERUWA

Plan Statistics for ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2007: ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0135
Total number of active participants reported on line 7a of the Form 55002007-01-0123
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-011
Total of all active and inactive participants2007-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-0124
Number of participants with account balances2007-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Financial Data on ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2008 : ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN 2008 401k financial data
Transfers to/from the plan2008-12-31$600
Total income from all sources2008-12-31$-145,378
Expenses. Total of all expenses incurred2008-12-31$19,192
Benefits paid (including direct rollovers)2008-12-31$7,722
Total plan assets at end of year2008-12-31$1,028,233
Total plan assets at beginning of year2008-12-31$1,192,203
Value of fidelity bond covering the plan2008-12-31$200,000
Total contributions received or receivable from participants2008-12-31$51,803
Expenses. Other expenses not covered elsewhere2008-12-31$11,470
Other income received2008-12-31$-236,303
Net income (gross income less expenses)2008-12-31$-164,570
Net plan assets at end of year (total assets less liabilities)2008-12-31$1,028,233
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$1,192,203
Total contributions received or receivable from employer(s)2008-12-31$39,122
2007 : ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN 2007 401k financial data
Total income from all sources2007-12-31$65,615
Expenses. Total of all expenses incurred2007-12-31$100,434
Benefits paid (including direct rollovers)2007-12-31$97,854
Total plan assets at end of year2007-12-31$1,192,203
Total plan assets at beginning of year2007-12-31$1,227,022
Value of fidelity bond covering the plan2007-12-31$200,000
Total contributions received or receivable from participants2007-12-31$47,036
Expenses. Other expenses not covered elsewhere2007-12-31$2,580
Other income received2007-12-31$-108,512
Net income (gross income less expenses)2007-12-31$-34,819
Net plan assets at end of year (total assets less liabilities)2007-12-31$1,192,203
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$1,227,022
Total contributions received or receivable from employer(s)2007-12-31$127,091

Form 5500 Responses for ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

2007: ASPEN MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes

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