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TAX REDUCTION INVESTMENT PLAN AND TRUST 401k Plan overview

Plan NameTAX REDUCTION INVESTMENT PLAN AND TRUST
Plan identification number 001

TAX REDUCTION INVESTMENT PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

PATHOLOGY CONS. OF CHICAGO, LTD. has sponsored the creation of one or more 401k plans.

Company Name:PATHOLOGY CONS. OF CHICAGO, LTD.
Employer identification number (EIN):364295601
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TAX REDUCTION INVESTMENT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01ENRIQUE BECKMANN, M.D.

Plan Statistics for TAX REDUCTION INVESTMENT PLAN AND TRUST

401k plan membership statisitcs for TAX REDUCTION INVESTMENT PLAN AND TRUST

Measure Date Value
2022: TAX REDUCTION INVESTMENT PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-013
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-013
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TAX REDUCTION INVESTMENT PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-016
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-013
Number of participants with account balances2021-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: TAX REDUCTION INVESTMENT PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-016
Total number of active participants reported on line 7a of the Form 55002020-01-016
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-016
Number of participants with account balances2020-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: TAX REDUCTION INVESTMENT PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-016
Total number of active participants reported on line 7a of the Form 55002019-01-016
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-016
Number of participants with account balances2019-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: TAX REDUCTION INVESTMENT PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-016
Total number of active participants reported on line 7a of the Form 55002018-01-016
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-016
Number of participants with account balances2018-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: TAX REDUCTION INVESTMENT PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-017
Total number of active participants reported on line 7a of the Form 55002017-01-016
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-016
Number of participants with account balances2017-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on TAX REDUCTION INVESTMENT PLAN AND TRUST

Measure Date Value
2022 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2022 401k financial data
Total income from all sources2022-12-31$-465,745
Expenses. Total of all expenses incurred2022-12-31$4,016,681
Benefits paid (including direct rollovers)2022-12-31$4,016,681
Total plan assets at end of year2022-12-31$0
Total plan assets at beginning of year2022-12-31$4,482,426
Total contributions received or receivable from participants2022-12-31$20,250
Other income received2022-12-31$-485,995
Net income (gross income less expenses)2022-12-31$-4,482,426
Net plan assets at end of year (total assets less liabilities)2022-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,482,426
2021 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2021 401k financial data
Total income from all sources2021-12-31$979,050
Expenses. Total of all expenses incurred2021-12-31$3,886,090
Benefits paid (including direct rollovers)2021-12-31$3,886,090
Total plan assets at end of year2021-12-31$4,482,426
Total plan assets at beginning of year2021-12-31$7,389,466
Value of fidelity bond covering the plan2021-12-31$450,000
Total contributions received or receivable from participants2021-12-31$78,000
Other income received2021-12-31$901,050
Net income (gross income less expenses)2021-12-31$-2,907,040
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,482,426
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$7,389,466
2020 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2020 401k financial data
Total income from all sources2020-12-31$1,009,399
Expenses. Total of all expenses incurred2020-12-31$301,895
Benefits paid (including direct rollovers)2020-12-31$301,895
Total plan assets at end of year2020-12-31$7,389,466
Total plan assets at beginning of year2020-12-31$6,681,962
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$144,625
Other income received2020-12-31$864,774
Net income (gross income less expenses)2020-12-31$707,504
Net plan assets at end of year (total assets less liabilities)2020-12-31$7,389,466
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$6,681,962
2019 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2019 401k financial data
Total income from all sources2019-12-31$1,233,243
Total plan assets at end of year2019-12-31$6,681,962
Total plan assets at beginning of year2019-12-31$5,448,719
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$138,000
Other income received2019-12-31$1,095,243
Net income (gross income less expenses)2019-12-31$1,233,243
Net plan assets at end of year (total assets less liabilities)2019-12-31$6,681,962
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$5,448,719
2018 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2018 401k financial data
Total income from all sources2018-12-31$-230,643
Total plan assets at end of year2018-12-31$5,448,719
Total plan assets at beginning of year2018-12-31$5,679,362
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$135,000
Other income received2018-12-31$-440,843
Net income (gross income less expenses)2018-12-31$-230,643
Net plan assets at end of year (total assets less liabilities)2018-12-31$5,448,719
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$5,679,362
Total contributions received or receivable from employer(s)2018-12-31$75,200
2017 : TAX REDUCTION INVESTMENT PLAN AND TRUST 2017 401k financial data
Total income from all sources2017-12-31$1,073,721
Expenses. Total of all expenses incurred2017-12-31$1,156,264
Benefits paid (including direct rollovers)2017-12-31$1,156,264
Total plan assets at end of year2017-12-31$5,679,362
Total plan assets at beginning of year2017-12-31$5,761,905
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$142,000
Other income received2017-12-31$857,121
Net income (gross income less expenses)2017-12-31$-82,543
Net plan assets at end of year (total assets less liabilities)2017-12-31$5,679,362
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$5,761,905
Total contributions received or receivable from employer(s)2017-12-31$74,600

Form 5500 Responses for TAX REDUCTION INVESTMENT PLAN AND TRUST

2022: TAX REDUCTION INVESTMENT PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TAX REDUCTION INVESTMENT PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TAX REDUCTION INVESTMENT PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TAX REDUCTION INVESTMENT PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TAX REDUCTION INVESTMENT PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TAX REDUCTION INVESTMENT PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97218
Policy instance 1
Insurance contract or identification number97218
Number of Individuals Covered3
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97218
Policy instance 1
Insurance contract or identification number97218
Number of Individuals Covered3
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97218
Policy instance 1
Insurance contract or identification number97218
Number of Individuals Covered6
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97218
Policy instance 1
Insurance contract or identification number97218
Number of Individuals Covered6
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97218
Policy instance 1
Insurance contract or identification number97218
Number of Individuals Covered6
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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