401k Plan data: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST plan

CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number	001

CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined 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.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
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.

401k Sponsoring company profile

CORNERSTONE MEDICAL GROUP, P.C. has sponsored the creation of one or more 401k plans.

Company Name: CORNERSTONE MEDICAL GROUP, P.C.

Employer identification number (EIN): 582335406

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 LISA PAYNE 2023-10-04
001 2021-01-01 LISA PAYNE 2022-08-08
001 2020-01-01 LISA PAYNE 2021-07-27
001 2018-01-01 LISA PAYNE 2019-09-30
001 2017-01-01 LISA PAYNE 2018-07-13
001 2016-01-01 LISA PAYNE 2017-09-28
001 2015-01-01 LISA PAYNE 2016-10-03
001 2014-01-01 LISA PAYNE 2015-10-07
001 2013-01-01 WALLACE WEEKS, MD WALLACE WEEKS, MD 2014-04-15
001 2012-01-01 WALLACE R. WEEKS WALLACE R. WEEKS 2013-09-04
001 2011-01-01 WALLACE R. WEEKS
001 2009-01-01 WALLACE R. WEEKS WALLACE R. WEEKS 2010-08-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	LISA PAYNE	2023-10-04
001	2021-01-01	LISA PAYNE	2022-08-08
001	2020-01-01	LISA PAYNE	2021-07-27
001	2018-01-01	LISA PAYNE	2019-09-30
001	2017-01-01	LISA PAYNE	2018-07-13
001	2016-01-01	LISA PAYNE	2017-09-28
001	2015-01-01	LISA PAYNE	2016-10-03
001	2014-01-01	LISA PAYNE	2015-10-07
001	2013-01-01	WALLACE WEEKS, MD		WALLACE WEEKS, MD	2014-04-15
001	2012-01-01	WALLACE R. WEEKS		WALLACE R. WEEKS	2013-09-04
001	2011-01-01	WALLACE R. WEEKS
001	2009-01-01	WALLACE R. WEEKS		WALLACE R. WEEKS	2010-08-30

Plan Statistics for CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2013: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 28
Number of retired or separated participants receiving benefits 2013-01-01 2
Total of all active and inactive participants 2013-01-01 30
Total participants 2013-01-01 30
Number of participants with account balances 2013-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 30
Total of all active and inactive participants 2012-01-01 30
Total participants 2012-01-01 30
Number of participants with account balances 2012-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 31
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 31
Number of participants with account balances 2011-01-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 30
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 30
Number of participants with account balances 2009-01-01 30

Measure	Date	Value
2013: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	28
Number of retired or separated participants receiving benefits	2013-01-01	2
Total of all active and inactive participants	2013-01-01	30
Total participants	2013-01-01	30
Number of participants with account balances	2013-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	30
Total of all active and inactive participants	2012-01-01	30
Total participants	2012-01-01	30
Number of participants with account balances	2012-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	31
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	31
Number of participants with account balances	2011-01-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	30
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	30
Number of participants with account balances	2009-01-01	30

Financial Data on CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2013 : CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$979,772
Expenses. Total of all expenses incurred	2013-12-31	$408,807
Benefits paid (including direct rollovers)	2013-12-31	$408,807
Total plan assets at end of year	2013-12-31	$5,000,999
Total plan assets at beginning of year	2013-12-31	$4,430,034
Value of fidelity bond covering the plan	2013-12-31	$500,000
Total contributions received or receivable from participants	2013-12-31	$162,981
Other income received	2013-12-31	$700,755
Net income (gross income less expenses)	2013-12-31	$570,965
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$5,000,999
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$4,430,034
Assets. Value of assets in partnership/joint-venture interests	2013-12-31	$6,660
Total contributions received or receivable from employer(s)	2013-12-31	$116,036
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$870,876
Expenses. Total of all expenses incurred	2012-12-31	$4,758
Benefits paid (including direct rollovers)	2012-12-31	$4,758
Total plan assets at end of year	2012-12-31	$4,430,034
Total plan assets at beginning of year	2012-12-31	$3,563,916
Value of fidelity bond covering the plan	2012-12-31	$500,000
Total contributions received or receivable from participants	2012-12-31	$165,247
Other income received	2012-12-31	$620,803
Net income (gross income less expenses)	2012-12-31	$866,118
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$4,430,034
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$3,563,916
Total contributions received or receivable from employer(s)	2012-12-31	$84,826
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources	2011-12-31	$468,008
Expenses. Total of all expenses incurred	2011-12-31	$4,790
Benefits paid (including direct rollovers)	2011-12-31	$4,267
Total plan assets at end of year	2011-12-31	$3,563,916
Total plan assets at beginning of year	2011-12-31	$3,100,698
Value of fidelity bond covering the plan	2011-12-31	$500,000
Total contributions received or receivable from participants	2011-12-31	$141,269
Expenses. Other expenses not covered elsewhere	2011-12-31	$523
Other income received	2011-12-31	$245,222
Net income (gross income less expenses)	2011-12-31	$463,218
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,563,916
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$3,100,698
Total contributions received or receivable from employer(s)	2011-12-31	$81,517
2010 : CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources	2010-12-31	$584,592
Expenses. Total of all expenses incurred	2010-12-31	$117,962
Benefits paid (including direct rollovers)	2010-12-31	$117,530
Total plan assets at end of year	2010-12-31	$3,100,698
Total plan assets at beginning of year	2010-12-31	$2,634,068
Value of fidelity bond covering the plan	2010-12-31	$500,000
Total contributions received or receivable from participants	2010-12-31	$152,901
Expenses. Other expenses not covered elsewhere	2010-12-31	$432
Other income received	2010-12-31	$351,218
Net income (gross income less expenses)	2010-12-31	$466,630
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$3,100,698
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,634,068
Total contributions received or receivable from employer(s)	2010-12-31	$80,473

Form 5500 Responses for CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

2013: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: CORNERSTONE MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CORNERSTONE MEDICAL GROUP, P.C.
Employer identification number (EIN):	582335406
NAIC Classification:	621111
NAIC Description:	Offices of Physicians (except Mental Health Specialists)