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National Board of Osteopathic Medical Examiners, Inc.

Plan Rating
FORM 5500 DATA

National Board of Osteopathic Medical Examiners, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan06/01/1985
  • Net Assets as of 12/31/2006 $1,590,236
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants34
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1
  • Subtotal35
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total35
  • Total number of participants as of 01/01/200631
  • Number of participants with account balances35
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1
  • Number of participants required to be reported on Schedule SSA0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address8765 W Higgins Rd Ste 200
  • CityChicago
  • StateIL
  • Zip60631-4174
  • Telephone(773) 714-0622
  • EIN36-4135679
  • Industry Code611000
  • Named AdministratorRegina Oryszezak
  • Named Plan SponsorJoseph F. Smoley Ph.D.

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

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.
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.
2K 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 contributions 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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

Questions and Answers

Question Answer Amount
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? Yes $645
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan at any time hold 20% or more of its assets in any single security, debt, mortgage, parcel of real estate, or partnership/joint venture interest? No $0
Are you claiming a waiver of the annual examination and report of an independent qualified public accountant (IQPA) under 29 CFR 2520.104-46? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No

Financials

Income and Expense Statement

Income $455,759
Contributions $0
Cash Contributions $291,376
Cash from Employers $130,193
Cash from Participants $143,999
Others (including rollovers) $17,184
Noncash Contributions $0
Other Income $164,383
Expenses $27,862
Total Benefit Payments $26,530
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Other Expenses $1,332
Net Income $427,897
Transfers of Assets to (from) this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $1,590,236 $1,162,339 36.81%
Total Liabilities $0 $0 0.0%
Net Assets $1,590,236 $1,162,339 36.81%

Specific Assets Statement

Held? Amount
Total Specific Assets No $25,265
Partnership/joint venture interests Yes $0
Employer Real Property Yes $0
Real Estate Yes $0
Employer Securities Yes $0
Participant Loans No $25,265
Loans (other than to participants) Yes $0
Tangible Personal Property Yes $0

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Prin Ptr Lg-Cap Bld I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $477,885
Prin Lg Cp Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $185,737
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $139,154
Principal Med Co Val Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $122,857
Principal Money Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $100,053
Principal U.S. Property Sepact Principal Life Insurance Company DFE: Pooled Separate Account $82,418
Principal Med Co Blnd Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $75,442
Principal Bond and Mtg Sep Acc Principal Life Insurance Company DFE: Pooled Separate Account $42,846
Principal Sm Co Blend Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $38,232
Principal Bd Emph Bal Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $32,141
Prin Fin Grp Inc. Stk Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $31,117
Prin Stock Emph Bal Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $22,739
Principal Govt&Hqbnd Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $17,013
Total $1,367,634

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 35
EIN 42-0127290
Industry Code 61271
Contract Number 4-05836
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $179,186
Value in Separate Accounts at Year End $1,367,635
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract
Balance at the end of the previous year $142,331
Additions $44,815
Contributions Deposited during the year $35,651
Dividends and credits $0
Interest credited during the year $5,396
Transferred from separate account $0
Other $3,768
Total of Balance and Additions $187,146
Deductions $7,960
Disbursed from fund to pay benefits or purchase annuities during the year $4,682
Administration charge made by carrier $232
Transferred to Separate Account $0
Other $3,046
Balance at the end of the current year $179,186