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NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 401k Plan overview

Plan NameNEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING
Plan identification number 001

NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING Benefits

401k Plan TypeDefined 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NEUROSCIENCE ASSOCIATES, PA has sponsored the creation of one or more 401k plans.

Company Name:NEUROSCIENCE ASSOCIATES, PA
Employer identification number (EIN):710429923
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01REZA SHAHIM, M.D.
0012023-01-01
0012023-01-01SCHARLETTE FASON
0012022-01-01
0012022-01-01REZA SHAHIM
0012021-01-01REZA SHAHIM2022-07-22
0012020-01-01REZA SHAHIM2021-10-14
0012019-01-01REZA SHAHIM2020-10-14
0012018-01-01REZA SHAHIM2019-09-25
0012017-01-01REZA SHAHIM2018-08-29
0012016-01-01REZA SHAHIM2017-09-21
0012015-01-01
0012014-01-01DR. REZA SHAHIM2015-06-01
0012013-01-01DR. REZA SHAHIM2014-04-24 DR. J. ZACHARY MASON2014-04-24
0012012-01-01DR. REZA SHAHIM2013-05-13 DR. J. ZACHARY MASON2013-05-13
0012011-01-01DR. REZA SHAHIM2012-05-15 DR. J. ZACHARY MASON2012-05-15
0012010-01-01DR. REZA SHAHIM2011-09-26 DR. J. ZACHARY MASON2011-09-26

Financial Data on NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING

Measure Date Value
2024 : NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 2024 401k financial data
Transfers to/from the plan2024-01-01$0
Total plan liabilities at end of year2024-01-01$0
Total plan liabilities at beginning of year2024-01-01$0
Total income from all sources2024-01-01$432,273
Expenses. Total of all expenses incurred2024-01-01$13,355
Benefits paid (including direct rollovers)2024-01-01$33
Total plan assets at end of year2024-01-01$1,882,624
Total plan assets at beginning of year2024-01-01$1,463,706
Value of fidelity bond covering the plan2024-01-01$200,000
Total contributions received or receivable from participants2024-01-01$57,919
Expenses. Other expenses not covered elsewhere2024-01-01$0
Contributions received from other sources (not participants or employers)2024-01-01$35,411
Other income received2024-01-01$296,039
Net income (gross income less expenses)2024-01-01$418,918
Net plan assets at end of year (total assets less liabilities)2024-01-01$1,882,624
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$1,463,706
Total contributions received or receivable from employer(s)2024-01-01$42,904
Value of certain deemed distributions of participant loans2024-01-01$0
Value of corrective distributions2024-01-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$13,322
2023 : NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$339,882
Expenses. Total of all expenses incurred2023-12-31$140,047
Benefits paid (including direct rollovers)2023-12-31$128,789
Total plan assets at end of year2023-12-31$1,463,706
Total plan assets at beginning of year2023-12-31$1,263,871
Value of fidelity bond covering the plan2023-12-31$0
Total contributions received or receivable from participants2023-12-31$57,641
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$239,682
Net income (gross income less expenses)2023-12-31$199,835
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,463,706
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,263,871
Total contributions received or receivable from employer(s)2023-12-31$42,559
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$11,258
2022 : NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-7,798,835
Expenses. Total of all expenses incurred2022-12-31$247,718
Benefits paid (including direct rollovers)2022-12-31$236,352
Total plan assets at end of year2022-12-31$1,263,871
Total plan assets at beginning of year2022-12-31$9,310,424
Value of fidelity bond covering the plan2022-12-31$0
Total contributions received or receivable from participants2022-12-31$53,026
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-7,911,672
Net income (gross income less expenses)2022-12-31$-8,046,553
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,263,871
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$9,310,424
Total contributions received or receivable from employer(s)2022-12-31$59,811
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$11,366
Total transfers to/from plan in this plan year2022-07-220
Total liabilities as of the end of the plan year2022-07-220
Total liabilities as of the beginning of the plan year2022-07-220
Total expenses incurred by plan in this plan year2022-07-22431513
Net assets as of the end of the plan year2022-07-229310424
Total assets as of the beginning of the plan year2022-07-227972635
Value of plan covered by a fidelity bond2022-07-22500000
Participant contributions to plan in this plan year2022-07-2229008
Other expenses paid from plan in this plan year2022-07-220
Other contributions to plan in this plan year2022-07-223904
Other income to plan in this plan year2022-07-221721573
Plan net income in this plan year2022-07-221337789
Net assets as of the end of the plan year2022-07-229310424
Net assets as of the beginning of the plan year2022-07-227972635
Employer contributions to plan in this plan year2022-07-2214817
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2240573

Form 5500 Responses for NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING

2023: NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NEUROSCIENCE ASSOCIATES, PA 401(K) PROFIT SHARING 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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