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HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 401k Plan overview

Plan NameHEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN
Plan identification number 015

HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN Benefits

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

401k Sponsoring company profile

HEALTH ALLIANCE PLAN OF MICHIGAN has sponsored the creation of one or more 401k plans.

Company Name:HEALTH ALLIANCE PLAN OF MICHIGAN
Employer identification number (EIN):382242827
NAIC Classification:621491
NAIC Description:HMO Medical Centers

Additional information about HEALTH ALLIANCE PLAN OF MICHIGAN

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 703428

More information about HEALTH ALLIANCE PLAN OF MICHIGAN

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0152017-01-01
0152016-01-01DIANNA RONAN2018-10-15

Plan Statistics for HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN

401k plan membership statisitcs for HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN

Measure Date Value
2017: HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01386
Total number of active participants reported on line 7a of the Form 55002017-01-010
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 participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01488
Total number of active participants reported on line 7a of the Form 55002016-01-01220
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01165
Total of all active and inactive participants2016-01-01385
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01386
Number of participants with account balances2016-01-01384
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN

Measure Date Value
2017 : HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets from this plan2017-12-31$44,625,090
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$10,053,731
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$16,961,001
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$16,961,001
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,925,593
Value of total assets at end of year2017-12-31$0
Value of total assets at beginning of year2017-12-31$51,532,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$36,794
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,633,369
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,633,369
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,150,325
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$1,002,649
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$197,204
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-6,907,270
Value of net assets at end of year (total assets less liabilities)2017-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$51,532,360
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$45,523,928
Interest on participant loans2017-12-31$36,794
Value of interest in common/collective trusts at end of year2017-12-31$0
Value of interest in common/collective trusts at beginning of year2017-12-31$4,934,849
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$6,383,615
Net investment gain or loss from common/collective trusts2017-12-31$74,360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$578,064
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$70,934
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$16,961,001
Did the plan have assets held for investment2017-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ERNST & YOUNG LLP
Accountancy firm EIN2017-12-31346565596
2016 : HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$6,017,590
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$14,587,077
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$14,587,077
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,284,131
Value of total assets at end of year2016-12-31$51,532,360
Value of total assets at beginning of year2016-12-31$60,101,847
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$47,021
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,419,565
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,419,565
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,475,369
Participant contributions at end of year2016-12-31$1,002,649
Participant contributions at beginning of year2016-12-31$1,367,849
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$23,696
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-8,569,487
Value of net assets at end of year (total assets less liabilities)2016-12-31$51,532,360
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$60,101,847
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$45,523,928
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$51,913,509
Interest on participant loans2016-12-31$47,021
Value of interest in common/collective trusts at end of year2016-12-31$4,934,849
Value of interest in common/collective trusts at beginning of year2016-12-31$6,743,803
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,286,145
Net investment gain or loss from common/collective trusts2016-12-31$-19,272
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$785,066
Employer contributions (assets) at end of year2016-12-31$70,934
Employer contributions (assets) at beginning of year2016-12-31$76,686
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$14,587,077
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ERNST & YOUNG LLP
Accountancy firm EIN2016-12-31346565596

Form 5500 Responses for HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN

2017: HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: HEALTHPLUS OF MICHIGAN FLEXIBLE COMPENSATION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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