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FORM 5500 DATA

Radiology Regional Center, PA Profit Sharing/401k Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan09/04/1991
  • Net Assets as of 12/31/2016 $17,656,283
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants405
  • Retired or separated participants receiving benefits17
  • Other retired or separated participants entitled to future benefits77
  • Subtotal499
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total499
  • Total number of participants as of 01/01/2016482
  • Number of participants with account balances445
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested18

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) 931-6376
  • EIN59-1750596
  • Industry Code621510

Audit Information

  • Audit StatusAudited
  • AuditorHughes, Snell and Company
  • Auditor EIN59-2309183
  • 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 $2,874,050
Contributions $1,772,244
Cash Contributions $1,772,244
Cash from Employers $432,581
Cash from Participants $1,334,879
Others (including rollovers) $4,784
Noncash Contributions $0
Total Earnings on Investments $1,098,434
Total Interest $513
Interest-Bearing Cash $23
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $490
Interest from Other Investments $0
Total Dividends $432,767
Preferred Stock $7,382
Common Stock $4,474
Rents $0
Net gain (loss) on sale of assets $26,732
Aggregate Proceeds $454,593
Aggregate Carrying Amount $427,861
Total Unrealized Appreciation (depreciation) of assets $25,791
Real Estate $0
Other $25,791
Net investment gain (loss) from common/collective trusts $0
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 $612,631
Other Income $3,372
Expenses $845,776
Total Benefit Payments $845,776
Directly to participants or beneficiaries, including direct rollovers $845,776
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 $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,028,274
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $17,656,283 $15,628,009 12.98%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $436,020 $393,298 10.86%
Employer Contributions $432,581 $391,903 10.38%
Participant Contributions $3,439 $1,395 146.52%
Other Contributions $0 $0 0.0%
General Investments $493,492 $403,874 22.19%
Interest-bearing cash $274,113 $168,420 62.76%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $219,379 $235,454 -6.83%
Preferred $219,379 $235,454 -6.83%
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 $7,728 $8,025 -3.70%
Value of interest in common/collective trusts $0 $0 0.0%
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 $14,969,775 $13,193,109 13.47%
Value of funds held in insurance co. general account $1,749,268 $1,629,703 7.34%
Other Investments $0 $0 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 $17,656,283 $15,628,009 12.98%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Great-West Life & Annuity Ins. Co. Recordkeeping fees Recordkeeper $24,244 $0 $24,244
Progressive Pension Admin., Inc. Contract Administrator Contract Admin $8,818 $12,000 $20,818
Td Ameritrade, Inc. Securities brokerage Brokerage Services $180 $0 $180
Empower Retirement Advisory Service Investment management Investment Mgmt $103 $0 $103
Total $33,345 $12,000 $45,345

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Progressive Pension Admin., Inc. Great-West Life & Annuity Ins. Co. Contract Administrator Tpa Allowance Payment $12,000
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Hill, Barth & King LLC Certified Public Accounts Competitive Pricing.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great-West Life & Annuity Insurance Company 268
EIN 84-0467907
Industry Code 68322
Contract Number 374664-01
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $1,749,268
Value in Separate Accounts at Year End $0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $1,629,703
Additions $360,313
Contributions Deposited during the year $142,540
Dividends and credits $0
Interest credited during the year $23,606
Transferred from separate account $186,510
Other $7,657
Total of Balance and Additions $1,990,016
Deductions $240,748
Disbursed from fund to pay benefits or purchase annuities during the year $101,444
Administration charge made by carrier $722
Transferred to Separate Account $138,582
Other $0
Balance at the end of the current year $1,749,268