Sommers Schwartz P.C. Cash Or Deferred Profit Sharing Plan

Company:

Sommers Schwartz P.C.

Plan:

Form 5500 | Basic Information

Plan Information
Plan Year	01/01/2011 — 12/31/2011
Effective Date of Plan	01/01/1985
Net Assets as of 12/31/2011	$9,733,663
Plan Number	2
Plan Type	Single Employer
Did the plan file for an extension of time or the DFVC Program?	No

Participant Information as of 12/31/2011
Total	73
Total number of participants as of 01/01/2011	81
Number of participants with account balances	71

Financial Information as of 12/31/2011
Total Assets (EOY)	$9,733,663
Total Liabilities (EOY)	$0
Net Assets (EOY)	$9,733,663
Financial Information as of 01/01/2011
Total Assets (BOY)	$10,382,067
Total Liabilities (BOY)	$0
Net Assets (BOY)	$10,382,067
Income
Cash from Employers	$228,000
Cash from Participants	$243,068
Others (including rollovers)	$12,784
Other Income	$-138,865
Total Income	$344,987
Net Income	$-648,404
Expenses
Total Benefit Payments	$991,492
Corrective Distributions	$0
Administrative Service Providers	$1,899
Other Expenses	$0
Total Expenses	$993,391
Total Transfers	$0

Plan Sponsor Information
Address	2000 Town Center Suite 900 Southfield, MI 48075
Telephone	(248) 355-0300
EIN	38-2004268
Industry Code	541110
Named Administrator	Brian N Stuart

Plan Administrator Information
Administrator Name	Sommers Schwartz, P.C.
Address	2000 Town Center Suite 900 Southfield, MI 48075
Telephone	(248) 355-0300
Administrator EIN	38-2004268

Benefits Provided Under the Plan
Code	Benefit	Description
2E	Profit-sharing	A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F	ERISA section 404(c) Plan	This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G	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.
2J	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.
2R	Brokerage Window	Participant-directed brokerage accounts provided as an investment option under the plan.
2T	Participant-directed Account	Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Question		Answer	Amount
1.	During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102?	No
2.	Were there any nonexempt transactions with any party-in-interest?	No
3.	Was this plan covered by a fidelity bond?	Yes	$5,000,000
4.	Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty?	No
5.	Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?	No
6.	Has the plan failed to provide any benefit when due under the plan?	No
7.	If this is an individual account plan, was there a blackout period?	No
8.	If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?