401k Plan data: SALEM SLEEP MEDICINE, PC 401 (K) PLAN plan

SALEM SLEEP MEDICINE, PC 401 (K) PLAN 401k Plan overview

Plan Name	SALEM SLEEP MEDICINE, PC 401 (K) PLAN
Plan identification number	001

SALEM SLEEP MEDICINE, PC 401 (K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

SALEM SLEEP MEDICINE, PC has sponsored the creation of one or more 401k plans.

Company Name: SALEM SLEEP MEDICINE, PC

Employer identification number (EIN): 320315600

NAIC Classification: 621111
NAIC Description: Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SALEM SLEEP MEDICINE, PC 401 (K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2024-01-01 HYONG SHIM
001 2023-01-01
001 2023-01-01 HYONG SHIM
001 2022-01-01
001 2022-01-01 HYONG SHIM
001 2021-01-01
001 2021-01-01 HYONG SHIM
001 2020-01-01
001 2019-01-01
001 2018-01-01 HYONG SHIM
001 2017-01-01 HYONG SHIM
001 2016-01-01 HYONG SHIM
001 2015-01-01 HYONG SHIM
001 2014-01-01 HYONG SHIM

Financial Data on SALEM SLEEP MEDICINE, PC 401 (K) PLAN

Measure	Date	Value
2024 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2024 401k financial data
Total income from all sources	2024-01-01	$406,195
Expenses. Total of all expenses incurred	2024-01-01	$27,104
Benefits paid (including direct rollovers)	2024-01-01	$19,902
Total plan assets at end of year	2024-01-01	$1,773,928
Total plan assets at beginning of year	2024-01-01	$1,394,837
Value of fidelity bond covering the plan	2024-01-01	$180,000
Total contributions received or receivable from participants	2024-01-01	$100,663
Other income received	2024-01-01	$251,099
Net income (gross income less expenses)	2024-01-01	$379,091
Net plan assets at end of year (total assets less liabilities)	2024-01-01	$1,773,928
Net plan assets at beginning of year (total assets less liabilities)	2024-01-01	$1,394,837
Total contributions received or receivable from employer(s)	2024-01-01	$54,433
Expenses. Administrative service providers (salaries,fees and commissions)	2024-01-01	$7,202
2023 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$369,690
Expenses. Total of all expenses incurred	2023-12-31	$91,652
Benefits paid (including direct rollovers)	2023-12-31	$91,097
Total plan assets at end of year	2023-12-31	$1,394,837
Total plan assets at beginning of year	2023-12-31	$1,116,799
Value of fidelity bond covering the plan	2023-12-31	$140,000
Total contributions received or receivable from participants	2023-12-31	$95,166
Other income received	2023-12-31	$218,727
Net income (gross income less expenses)	2023-12-31	$278,038
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,394,837
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,116,799
Assets. Value of participant loans	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$55,797
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$555
2022 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-72,994
Expenses. Total of all expenses incurred	2022-12-31	$35,744
Benefits paid (including direct rollovers)	2022-12-31	$35,160
Total plan assets at end of year	2022-12-31	$1,116,799
Total plan assets at beginning of year	2022-12-31	$1,225,537
Value of fidelity bond covering the plan	2022-12-31	$120,000
Total contributions received or receivable from participants	2022-12-31	$86,988
Other income received	2022-12-31	$-215,898
Net income (gross income less expenses)	2022-12-31	$-108,738
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,116,799
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$1,225,537
Assets. Value of participant loans	2022-12-31	$7,702
Total contributions received or receivable from employer(s)	2022-12-31	$55,916
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$584
2021 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$336,467
Expenses. Total of all expenses incurred	2021-12-31	$25,079
Benefits paid (including direct rollovers)	2021-12-31	$24,504
Total plan assets at end of year	2021-12-31	$1,225,537
Total plan assets at beginning of year	2021-12-31	$914,149
Value of fidelity bond covering the plan	2021-12-31	$130,000
Total contributions received or receivable from participants	2021-12-31	$82,858
Other income received	2021-12-31	$200,562
Net income (gross income less expenses)	2021-12-31	$311,388
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$1,225,537
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$914,149
Assets. Value of participant loans	2021-12-31	$13,124
Total contributions received or receivable from employer(s)	2021-12-31	$53,047
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$575
2020 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$252,291
Expenses. Total of all expenses incurred	2020-12-31	$35,336
Benefits paid (including direct rollovers)	2020-12-31	$34,716
Total plan assets at end of year	2020-12-31	$914,149
Total plan assets at beginning of year	2020-12-31	$697,194
Value of fidelity bond covering the plan	2020-12-31	$100,000
Total contributions received or receivable from participants	2020-12-31	$83,188
Other income received	2020-12-31	$110,975
Net income (gross income less expenses)	2020-12-31	$216,955
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$914,149
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$697,194
Assets. Value of participant loans	2020-12-31	$9,765
Total contributions received or receivable from employer(s)	2020-12-31	$58,128
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$620
2019 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$250,583
Expenses. Total of all expenses incurred	2019-12-31	$4,802
Benefits paid (including direct rollovers)	2019-12-31	$4,312
Total plan assets at end of year	2019-12-31	$697,194
Total plan assets at beginning of year	2019-12-31	$451,413
Value of fidelity bond covering the plan	2019-12-31	$70,000
Total contributions received or receivable from participants	2019-12-31	$78,615
Other income received	2019-12-31	$113,742
Net income (gross income less expenses)	2019-12-31	$245,781
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$697,194
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$451,413
Assets. Value of participant loans	2019-12-31	$3,000
Total contributions received or receivable from employer(s)	2019-12-31	$58,226
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$490
2018 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$78,586
Expenses. Total of all expenses incurred	2018-12-31	$16,427
Benefits paid (including direct rollovers)	2018-12-31	$16,047
Total plan assets at end of year	2018-12-31	$451,413
Total plan assets at beginning of year	2018-12-31	$389,254
Value of fidelity bond covering the plan	2018-12-31	$50,000
Total contributions received or receivable from participants	2018-12-31	$57,652
Other income received	2018-12-31	$-39,401
Net income (gross income less expenses)	2018-12-31	$62,159
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$451,413
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$389,254
Total contributions received or receivable from employer(s)	2018-12-31	$60,335
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$380
2017 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$141,743
Total plan assets at end of year	2017-12-31	$389,254
Total plan assets at beginning of year	2017-12-31	$247,511
Value of fidelity bond covering the plan	2017-12-31	$50,000
Total contributions received or receivable from participants	2017-12-31	$45,805
Other income received	2017-12-31	$32,469
Net income (gross income less expenses)	2017-12-31	$141,743
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$389,254
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$247,511
Total contributions received or receivable from employer(s)	2017-12-31	$63,469
2016 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$94,512
Total plan assets at end of year	2016-12-31	$247,511
Total plan assets at beginning of year	2016-12-31	$152,999
Value of fidelity bond covering the plan	2016-12-31	$50,000
Total contributions received or receivable from participants	2016-12-31	$28,551
Other income received	2016-12-31	$11,350
Net income (gross income less expenses)	2016-12-31	$94,512
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$247,511
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$152,999
Total contributions received or receivable from employer(s)	2016-12-31	$54,611
2015 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$78,311
Expenses. Total of all expenses incurred	2015-12-31	$2,812
Benefits paid (including direct rollovers)	2015-12-31	$2,812
Total plan assets at end of year	2015-12-31	$152,999
Total plan assets at beginning of year	2015-12-31	$77,500
Value of fidelity bond covering the plan	2015-12-31	$50,000
Total contributions received or receivable from participants	2015-12-31	$25,423
Other income received	2015-12-31	$-562
Net income (gross income less expenses)	2015-12-31	$75,499
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$152,999
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$77,500
Total contributions received or receivable from employer(s)	2015-12-31	$53,450
2014 : SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$77,500
Total plan assets at end of year	2014-12-31	$77,500
Value of fidelity bond covering the plan	2014-12-31	$50,000
Total contributions received or receivable from participants	2014-12-31	$17,500
Net income (gross income less expenses)	2014-12-31	$77,500
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$77,500
Total contributions received or receivable from employer(s)	2014-12-31	$60,000

Form 5500 Responses for SALEM SLEEP MEDICINE, PC 401 (K) PLAN

2023: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SALEM SLEEP MEDICINE, PC 401 (K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	First time form 5500 has been submitted	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SALEM SLEEP MEDICINE, PC
Employer identification number (EIN):	320315600
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)

Plan id#	Filing Submission Date	Name of Administrator
001	2024-01-01	HYONG SHIM
001	2023-01-01
001	2023-01-01	HYONG SHIM
001	2022-01-01
001	2022-01-01	HYONG SHIM
001	2021-01-01
001	2021-01-01	HYONG SHIM
001	2020-01-01
001	2019-01-01
001	2018-01-01	HYONG SHIM
001	2017-01-01	HYONG SHIM
001	2016-01-01	HYONG SHIM
001	2015-01-01	HYONG SHIM
001	2014-01-01	HYONG SHIM