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INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameINDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN
Plan identification number 003

INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

INDEPENDENT EMERGENCY PHYSICIANS,P.C. has sponsored the creation of one or more 401k plans.

Company Name:INDEPENDENT EMERGENCY PHYSICIANS,P.C.
Employer identification number (EIN):383345124
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-01-01
0032016-01-01MARTIN HARRIS
0032015-01-01MARTIN HARRIS
0032015-01-01
0032014-01-01MARTIN HARRIS2015-10-15
0032013-01-01MARTIN HARRIS2014-10-15
0032012-01-01MARTIN HARRIS2013-10-10
0032011-01-01MARTIN HARRIS2012-10-09
0032010-01-01MARTIN HARRIS2011-10-12

Plan Statistics for INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN

401k plan membership statisitcs for INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN

Measure Date Value
2017: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01158
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
2016: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-318,459,053
Acturial value of plan assets2016-12-318,459,053
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3117
Fundng target for terminated vested participants2016-12-31776,868
Active participant vested funding target2016-12-314,770,982
Number of active participants2016-12-31134
Total funding liabilities for active participants2016-12-314,789,797
Total participant count2016-12-31151
Total funding target for all participants2016-12-315,566,665
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-311,131,885
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,204,892
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-312,065,309
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-311,920,389
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31628,107
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-311,920,389
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01159
Total number of active participants reported on line 7a of the Form 55002016-01-01141
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0117
Total of all active and inactive participants2016-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01138
Total number of active participants reported on line 7a of the Form 55002015-01-01131
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0128
Total of all active and inactive participants2015-01-01159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01159

Financial Data on INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN

Measure Date Value
2017 : INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-09-19$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-09-19$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-09-19$0
Total income from all sources (including contributions)2017-09-19$13,761
Total loss/gain on sale of assets2017-09-19$-17,366
Total of all expenses incurred2017-09-19$10,944,927
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-09-19$10,940,408
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-09-19$0
Value of total assets at end of year2017-09-19$0
Value of total assets at beginning of year2017-09-19$10,931,166
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-09-19$4,519
Total interest from all sources2017-09-19$31,127
Total dividends received (eg from common stock, registered investment company shares)2017-09-19$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-09-19Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-09-19$0
Administrative expenses professional fees incurred2017-09-19$4,519
Was this plan covered by a fidelity bond2017-09-19Yes
Value of fidelity bond cover2017-09-19$2,000,000
If this is an individual account plan, was there a blackout period2017-09-19No
Were there any nonexempt tranactions with any party-in-interest2017-09-19No
Contributions received from participants2017-09-19$0
Participant contributions at end of year2017-09-19$0
Participant contributions at beginning of year2017-09-19$0
Income. Received or receivable in cash from other sources (including rollovers)2017-09-19$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-09-19$0
Total non interest bearing cash at end of year2017-09-19$0
Total non interest bearing cash at beginning of year2017-09-19$10,156,685
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-09-19No
Income. Non cash contributions2017-09-19$0
Value of net income/loss2017-09-19$-10,931,166
Value of net assets at end of year (total assets less liabilities)2017-09-19$0
Value of net assets at beginning of year (total assets less liabilities)2017-09-19$10,931,166
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-09-19No
Were any loans by the plan or fixed income obligations due to the plan in default2017-09-19No
Were any leases to which the plan was party in default or uncollectible2017-09-19No
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-09-19$31,127
Expenses. Payments to insurance carriers foe the provision of benefits2017-09-19$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-09-19No
Was there a failure to transmit to the plan any participant contributions2017-09-19No
Has the plan failed to provide any benefit when due under the plan2017-09-19No
Contributions received in cash from employer2017-09-19$0
Employer contributions (assets) at end of year2017-09-19$0
Employer contributions (assets) at beginning of year2017-09-19$774,481
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-09-19$10,940,408
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-09-19No
Did the plan have assets held for investment2017-09-19No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-09-19No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-09-19Yes
Aggregate proceeds on sale of assets2017-09-19$9,487,668
Aggregate carrying amount (costs) on sale of assets2017-09-19$9,505,034
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-09-19No
Opinion of an independent qualified public accountant for this plan2017-09-19Unqualified
Accountancy firm name2017-09-19UHY LLP
Accountancy firm EIN2017-09-19200694403
2016 : INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION 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$2,543,007
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$76,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$51,201
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,065,309
Value of total assets at end of year2016-12-31$10,931,166
Value of total assets at beginning of year2016-12-31$8,464,831
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$25,471
Total interest from all sources2016-12-31$7,332
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$130,163
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$130,163
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
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
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$10,156,685
Total non interest bearing cash at beginning of year2016-12-31$63,095
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$2,466,335
Value of net assets at end of year (total assets less liabilities)2016-12-31$10,931,166
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,464,831
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
Investment advisory and management fees2016-12-31$25,471
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$8,186,561
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$15,506
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$15,506
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$7,332
Asset value of US Government securities at end of year2016-12-31$0
Asset value of US Government securities at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$340,203
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$2,065,309
Employer contributions (assets) at end of year2016-12-31$774,481
Employer contributions (assets) at beginning of year2016-12-31$199,669
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$51,201
Did the plan have assets held for investment2016-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31UHY, LLP
Accountancy firm EIN2016-12-31200694403
2015 : INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,101,832
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$25,099
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,209,669
Value of total assets at end of year2015-12-31$8,464,003
Value of total assets at beginning of year2015-12-31$7,387,270
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$21,986
Total interest from all sources2015-12-31$-107,837
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$241,609
Administrative expenses professional fees incurred2015-12-31$21,986
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Total non interest bearing cash at end of year2015-12-31$63,095
Total non interest bearing cash at beginning of year2015-12-31$9,710
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,076,733
Value of net assets at end of year (total assets less liabilities)2015-12-31$8,464,003
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$7,387,270
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$21,861
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$8,464,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,387,270
Interest earned on other investments2015-12-31$-107,837
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$15,506
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$629
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$629
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-349,446
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,209,669
Employer contributions (assets) at end of year2015-12-31$199,669
Employer contributions (assets) at beginning of year2015-12-31$253,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,113
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31UHY, LLP
Accountancy firm EIN2015-12-31200694403

Form 5500 Responses for INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN

2017: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
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 planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INDEPENDENT EMERGENCY PHYSICIANS, P.C. CASH BALANCE PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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