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FORM 5500 DATA

Radiology Associates of Macon, PC Plan B 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan04/01/1987
  • Net Assets as of 12/31/2017 $38,316,432
  • Plan Number15
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants104
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits43
  • Subtotal152
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total152
  • Total number of participants as of 01/01/2017148
  • Number of participants with account balances148
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address770 Pine Street Suite 290
  • CityMacon
  • StateGA
  • Zip31201
  • Telephone(478) 751-5864
  • EIN58-1126891
  • Industry Code621111

Audit Information

  • Audit StatusAudited
  • AuditorPugh & Company, Pc
  • Auditor EIN62-1142155
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A 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 threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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.
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.
3D 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.

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 $149,913
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 $575,000
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 have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
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? No

Financials

Income and Expense Statement

Income $6,657,406
Contributions $2,084,824
Cash Contributions $2,084,824
Cash from Employers $1,188,062
Cash from Participants $825,427
Others (including rollovers) $71,335
Noncash Contributions $0
Total Earnings on Investments $4,414,723
Total Interest $107,961
Interest-Bearing Cash $107,961
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $832,560
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $300,488
Aggregate Proceeds $300,488
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $2,170,089
Real Estate $0
Other $2,170,089
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $1,003,625
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $157,859
Expenses $2,272,423
Total Benefit Payments $2,124,727
Directly to participants or beneficiaries, including direct rollovers $2,124,727
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $147,696
Professional Fees $0
Contract Administrator Fees $147,696
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,384,983
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $38,328,147 $33,943,164 12.92%
Total noninterest-bearing cash $768 $9,555 -91.96%
Receivables $1,079,775 $989,560 9.12%
Employer Contributions $898,131 $772,377 16.28%
Participant Contributions $166,983 $135,783 22.98%
Other Contributions $14,661 $81,400 -81.99%
General Investments $1,741,021 $1,570,276 10.87%
Interest-bearing cash $1,741,021 $1,570,276 10.87%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $7,971,133 $6,775,569 17.65%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $27,535,450 $24,598,204 11.94%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $11,715 $11,715 0.00%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $11,715 $11,715 0.00%
Net Assets $38,316,432 $33,931,449 12.92%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Ret To 2040 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $2,246,753
Jh Ret To 2025 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $1,529,137
Jh Ret To 2035 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $1,348,591
Jh Ret To 2030 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $880,616
Jh Ret To 2050 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $611,150
Jh Ret To 2020 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $532,913
Jh Ret To 2045 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $382,351
Jh Ls Agg Active Strategy John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $126,451
Jh Ls Bal Active Strategy John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $95,232
Jh Ls Grow Active Strategy John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $58,528
Blue Chip Growth Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $34,041
New Perspective Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $27,010
Vanguard Value Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $23,518
Real Estate Sec Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $20,331
500 Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $18,076
Jh Ret To 2055 Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $16,389
Fundamental All Cap Core Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $4,828
Vanguard Growth Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $4,670
Massachusetts Investors Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $4,664
Mid Cap Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $4,612
Jh Ls Conserv Active Strategy John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $1,272
Jh Ret Income Managed Port John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $0
Total $7,971,133

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company(Usa) 136
EIN 01-0233346
Industry Code 65838
Contract Number 114314
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $7,971,133
Insurance Fees and Commissions $25,246
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agy 1400 Merrill Lynch Drive Pennington, NJ 08534 Insurance Agent or Broker $21,037 $0
Retirement Strategies Inc 229 Fury's Ferry Road Augusta, GA 30907 Third Party Administrator $0 $4,209 PLAN ADMINISTRATION
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0