MEDICAL ASSOCIATES PLUS has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : MAP 401(K) PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $404,959 |
| Total of all expenses incurred | 2022-12-31 | $113,819 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $92,770 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $767,654 |
| Value of total assets at end of year | 2022-12-31 | $2,157,735 |
| Value of total assets at beginning of year | 2022-12-31 | $1,866,595 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $21,049 |
| Total interest from all sources | 2022-12-31 | $1,332 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Administrative expenses professional fees incurred | 2022-12-31 | $14,850 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $528,365 |
| Participant contributions at end of year | 2022-12-31 | $22,850 |
| Participant contributions at beginning of year | 2022-12-31 | $41,409 |
| Participant contributions at end of year | 2022-12-31 | $17,723 |
| Participant contributions at beginning of year | 2022-12-31 | $12,494 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $25,757 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $59 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $291,140 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $2,157,735 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,866,595 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $953 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $85,729 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,747 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $2,023,975 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $1,805,425 |
| Interest on participant loans | 2022-12-31 | $1,332 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-364,027 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $213,532 |
| Employer contributions (assets) at end of year | 2022-12-31 | $7,458 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $5,461 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $92,770 |
| Contract administrator fees | 2022-12-31 | $5,246 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | DRAFFIN & TUCKER, LLP |
| Accountancy firm EIN | 2022-12-31 | 580914992 |
| 2021 : MAP 401(K) PLAN 2021 401k financial data |
|---|
| Total transfer of assets to this plan | 2021-12-31 | $1,484,374 |
| Total income from all sources (including contributions) | 2021-12-31 | $952,504 |
| Total of all expenses incurred | 2021-12-31 | $570,283 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $554,856 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $794,055 |
| Value of total assets at end of year | 2021-12-31 | $1,866,595 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $15,427 |
| Total interest from all sources | 2021-12-31 | $728 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Administrative expenses professional fees incurred | 2021-12-31 | $10,867 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $438,659 |
| Participant contributions at end of year | 2021-12-31 | $41,409 |
| Participant contributions at end of year | 2021-12-31 | $12,494 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $188,764 |
| Total non interest bearing cash at end of year | 2021-12-31 | $59 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $382,221 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,866,595 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $710 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $1,747 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $1,805,425 |
| Interest on participant loans | 2021-12-31 | $728 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $157,721 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $166,632 |
| Employer contributions (assets) at end of year | 2021-12-31 | $5,461 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $554,856 |
| Contract administrator fees | 2021-12-31 | $3,850 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | DRAFFIN-TUCKER, LLP |
| Accountancy firm EIN | 2021-12-31 | 581914992 |
