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FORM 5500 DATA

Radiology Regional Center, PA Profit Sharing/401k Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan09/04/1991
  • Net Assets as of 12/31/2013 $13,639,563
  • Plan Number2
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants371
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits57
  • Subtotal428
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total428
  • Total number of participants as of 01/01/2013436
  • Number of participants with account balances360
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address3660 Broadway
  • CityFort Myers
  • StateFL
  • Zip33901-8005
  • Telephone(239) 931-8399
  • EIN59-1750596
  • Industry Code621111
  • Named AdministratorJennifer Erickson
  • Named Plan SponsorJennifer Erickson

Audit Information

  • Audit StatusAudited
  • AuditorHill, Barth & King LLC
  • Auditor EIN34-1897225
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

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.
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.

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? No
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 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 $3,246,344
Contributions $1,165,761
Cash Contributions $1,165,761
Cash from Employers $194,885
Cash from Participants $970,876
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,080,583
Total Interest $541
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $541
Interest from Other Investments $0
Total Dividends $240,408
Preferred Stock $0
Common Stock $14,799
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $23,577
Net investment gain (loss) from pooled separate accounts $0
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 $1,816,057
Other Income $0
Expenses $1,334,775
Total Benefit Payments $1,271,773
Directly to participants or beneficiaries, including direct rollovers $1,271,773
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 $63,002
Professional Fees $0
Contract Administrator Fees $31,110
Investment Advisory and management fees $31,892
Other Administrative Fees $0
Net Income $1,911,569
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $13,639,563 $11,727,994 16.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $222,295 $220,256 0.93%
Employer Contributions $194,885 $193,583 0.67%
Participant Contributions $27,410 $26,673 2.76%
Other Contributions $0 $0 0.0%
General Investments $12,689 $0 0.0%
Interest-bearing cash $12,689 $0 0.0%
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 $354,274 $0 0.0%
Preferred $0 $0 0.0%
Common $354,274 $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 $8,609 $8,823 -2.43%
Value of interest in common/collective trusts $1,525,363 $1,787,364 -14.66%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $11,516,333 $9,385,370 22.71%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $326,181 0.0%
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 $0 $0 0.0%
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) $0 $0 0.0%
Net Assets $13,639,563 $11,727,994 16.30%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Case Pearlman

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Case Pearlman Investment advisory (plan), Direct payment from the plan Advisor $31,892 $0 $31,892
Ascensus Recordkeeping and information management (computing, tabulating, data processing, etc.), Other fees, Sub-transfer agency fees, Direct payment from the plan, Recordkeeping fees Record Keeper $31,090 $0 $31,090
Td Ameritrade Securities brokerage, Securities brokerage commissions and fees, Float revenue, Direct payment from the plan Brokerage $20 $0 $20
Total $63,002 $0 $63,002

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

Name Position Explanation
Stroemer and Company LLC Auditor Explore New Relationship With Another CPA Firm

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Morley Stable Value Fund Gartmore Trust Company DFE: Common/Collective Trust $1,525,363
Total $1,525,363

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.