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VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS 401k Plan overview

Plan NameVITUITY RETIREMENT PLAN FOR CEP PHYSICIANS
Plan identification number 018

VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Plan covering Self-Employed individuals.

401k Sponsoring company profile

CALIFORNIA EMERGENCY PHYSICIANS has sponsored the creation of one or more 401k plans.

Company Name:CALIFORNIA EMERGENCY PHYSICIANS
Employer identification number (EIN):942494000
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182023-01-31
0182023-01-31JASON CLARK

Plan Statistics for VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS

401k plan membership statisitcs for VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS

Measure Date Value
2023: VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS 2023 401k membership
Total participants, beginning-of-year2023-01-310
Total number of active participants reported on line 7a of the Form 55002023-01-311,863
Total of all active and inactive participants2023-01-311,863
Total participants2023-01-311,863
Number of participants with account balances2023-01-311,863

Financial Data on VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS

Measure Date Value
2023 : VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$25,126,722
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$232,280
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$24,800,833
Value of total assets at end of year2023-12-31$24,894,442
Value of total assets at beginning of year2023-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$232,280
Total interest from all sources2023-12-31$3,582
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$176,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$176,404
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$2,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$24,894,442
Value of net assets at end of year (total assets less liabilities)2023-12-31$24,894,442
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$10,656,684
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$7,500,184
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$3,582
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$145,903
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$24,800,833
Employer contributions (assets) at end of year2023-12-31$6,737,574
Contract administrator fees2023-12-31$231,891
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BPM LLP
Accountancy firm EIN2023-12-31814234542
Total unrealized appreciation/depreciation of assets2023-01-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-31$0
Total income from all sources (including contributions)2023-01-31$25,126,722
Total loss/gain on sale of assets2023-01-31$0
Total of all expenses incurred2023-01-31$232,280
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-31$24,800,833
Value of total assets at end of year2023-01-31$24,894,442
Value of total assets at beginning of year2023-01-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-31$232,280
Total interest from all sources2023-01-31$3,582
Total dividends received (eg from common stock, registered investment company shares)2023-01-31$176,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-31$176,404
Was this plan covered by a fidelity bond2023-01-31Yes
Value of fidelity bond cover2023-01-31$2,000,000
If this is an individual account plan, was there a blackout period2023-01-31No
Were there any nonexempt tranactions with any party-in-interest2023-01-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-31No
Value of net income/loss2023-01-31$24,894,442
Value of net assets at end of year (total assets less liabilities)2023-01-31$24,894,442
Value of net assets at beginning of year (total assets less liabilities)2023-01-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-31No
Were any leases to which the plan was party in default or uncollectible2023-01-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-31$10,656,684
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-31$7,500,184
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-31$3,582
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-31$145,903
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-31No
Was there a failure to transmit to the plan any participant contributions2023-01-31No
Has the plan failed to provide any benefit when due under the plan2023-01-31No
Contributions received in cash from employer2023-01-31$24,800,833
Employer contributions (assets) at end of year2023-01-31$6,737,574
Contract administrator fees2023-01-31$231,891
Did the plan have assets held for investment2023-01-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-31No
Opinion of an independent qualified public accountant for this plan2023-01-311
Accountancy firm name2023-01-31BPM LLP
Accountancy firm EIN2023-01-31814234542

Form 5500 Responses for VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS

2023: VITUITY RETIREMENT PLAN FOR CEP PHYSICIANS 2023 form 5500 responses
2023-01-31Type of plan entitySingle employer plan
2023-01-31First time form 5500 has been submittedYes
2023-01-31Submission has been amendedNo
2023-01-31This submission is the final filingNo
2023-01-31This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-31Plan is a collectively bargained planNo
2023-01-31Plan funding arrangement – TrustYes
2023-01-31Plan benefit arrangement - TrustYes

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