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Reproductive Medicine Associates of New York, LLP

Plan Rating
FORM 5500 DATA

Reproductive Medicine Associates of New York, LLP 401k/Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan06/01/2001
  • Net Assets as of 12/31/2017 $13,378,461
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants128
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits111
  • Subtotal239
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total239
  • Total number of participants as of 01/01/2017232
  • Number of participants with account balances239
  • 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

  • Address635 Madison Avenue 10th Floor
  • CityNew York
  • StateNY
  • Zip10022
  • Telephone(212) 576-5777
  • EIN13-4159186
  • Industry Code621111
  • Named AdministratorAlan Copperman

Plan Administrator Information

  • Administrator NameReproductive Medicine Associates of New York, LLP
  • Address635 Madison Avenue 10th Floor
  • CityNew York
  • StateNY
  • Zip10022
  • Telephone(212) 576-5777
  • Administrator EIN13-4159186

Audit Information

  • Audit StatusAudited
  • AuditorTurner, Stone & Company, LLP
  • Auditor EIN75-2608885
  • 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.
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? 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 $2,919,636
Contributions $1,045,592
Cash Contributions $1,045,592
Cash from Employers $449,200
Cash from Participants $590,780
Others (including rollovers) $5,612
Noncash Contributions $0
Total Earnings on Investments $1,873,873
Total Interest $836
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $836
Total Dividends $0
Preferred Stock $0
Common Stock $0
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 $0
Net investment gain (loss) from pooled separate accounts $1,873,037
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 $171
Expenses $166,591
Total Benefit Payments $158,800
Directly to participants or beneficiaries, including direct rollovers $158,800
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 $7,791
Professional Fees $0
Contract Administrator Fees $4,840
Investment Advisory and management fees $2,150
Other Administrative Fees $801
Net Income $2,753,045
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 $13,378,632 $10,625,416 25.91%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $467,235 $443,953 5.24%
Employer Contributions $449,200 $428,425 4.85%
Participant Contributions $18,035 $15,528 16.15%
Other Contributions $0 $0 0.0%
General Investments $978 $478 104.60%
Interest-bearing cash $978 $478 104.60%
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 $12,755,859 $10,044,850 26.99%
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 $154,560 $136,135 13.53%
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 $171 $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) $171 $0 0.0%
Net Assets $13,378,461 $10,625,416 25.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock New York

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
Associated Pension Consultants, Inc Actuarial, Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Third Party Administrato $5,834 $0 $5,834
Total $5,834 $0 $5,834

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
Tarlow & Co., C.P.A.'s Auditor Recommendation From Accounting Alliance Inaa Group

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Multimanager Balanced Ls John Hancock New York DFE: Pooled Separate Account $2,399,130
Jpmorgan Us Equity Fund John Hancock New York DFE: Pooled Separate Account $2,199,209
500 Index Fund John Hancock New York DFE: Pooled Separate Account $949,658
Science & Technology Fund John Hancock New York DFE: Pooled Separate Account $736,114
Jh Multimanager Growth Ls John Hancock New York DFE: Pooled Separate Account $672,907
Financial Industries Fund John Hancock New York DFE: Pooled Separate Account $671,822
Money Market Fund John Hancock New York DFE: Pooled Separate Account $604,749
Blue Chip Growth Fund John Hancock New York DFE: Pooled Separate Account $534,462
Oppenheimer Global John Hancock New York DFE: Pooled Separate Account $472,806
Jh Multimanager Aggressive Ls John Hancock New York DFE: Pooled Separate Account $398,203
Oppenheimer Developing Mkt John Hancock New York DFE: Pooled Separate Account $309,340
Fidelity Advisor Total Bond John Hancock New York DFE: Pooled Separate Account $243,604
Clearbridge Aggressive Growth John Hancock New York DFE: Pooled Separate Account $210,651
Jpmorgan Midcap Value Fund John Hancock New York DFE: Pooled Separate Account $198,742
Dfa U.S. Small Cap Fund John Hancock New York DFE: Pooled Separate Account $161,485
Jh Multimanager Conserv Ls John Hancock New York DFE: Pooled Separate Account $138,409
Small Cap Index Fund John Hancock New York DFE: Pooled Separate Account $135,491
T. Rowe Price Spectrum Inc John Hancock New York DFE: Pooled Separate Account $116,880
Investment Company of America John Hancock New York DFE: Pooled Separate Account $114,845
High Yield Fund John Hancock New York DFE: Pooled Separate Account $105,758
Jh Multimanager Moderate Ls John Hancock New York DFE: Pooled Separate Account $101,241
Real Est. Securities Fund John Hancock New York DFE: Pooled Separate Account $99,674
American Balanced Fund John Hancock New York DFE: Pooled Separate Account $96,814
T. Rowe Price Equity Inc John Hancock New York DFE: Pooled Separate Account $89,558
T. Rowe Price Sci & Tech John Hancock New York DFE: Pooled Separate Account $84,613
Franklin Mutual Beacon Fund John Hancock New York DFE: Pooled Separate Account $79,888
Capital Appreciation Fund John Hancock New York DFE: Pooled Separate Account $75,687
Intl Equity Index Fund John Hancock New York DFE: Pooled Separate Account $68,293
Vanguard Energy Fund John Hancock New York DFE: Pooled Separate Account $67,906
Mid Cap Index Fund John Hancock New York DFE: Pooled Separate Account $67,253
Equity Income Fund John Hancock New York DFE: Pooled Separate Account $66,212
T. Rowe Price Sml Cap Val John Hancock New York DFE: Pooled Separate Account $65,826
Washington Mutual Investors John Hancock New York DFE: Pooled Separate Account $61,782
Investment Qual Bond Fund John Hancock New York DFE: Pooled Separate Account $60,114
Intl Small Cap Fund John Hancock New York DFE: Pooled Separate Account $52,404
Total Stock Market Index Fund John Hancock New York DFE: Pooled Separate Account $32,362
Europacific Growth Fund John Hancock New York DFE: Pooled Separate Account $29,354
International Value Fund John Hancock New York DFE: Pooled Separate Account $28,557
T. Rowe Price Health Sci John Hancock New York DFE: Pooled Separate Account $27,993
Vanguard Short-Term Federal John Hancock New York DFE: Pooled Separate Account $27,862
Pimco Global Bond John Hancock New York DFE: Pooled Separate Account $18,367
Utilities Fund John Hancock New York DFE: Pooled Separate Account $15,964
Fundamental Large Cap Value John Hancock New York DFE: Pooled Separate Account $11,196
Ivy Asset Strategy Fund John Hancock New York DFE: Pooled Separate Account $10,664
Domini Impact Equity Fund John Hancock New York DFE: Pooled Separate Account $9,815
John Hancock Disciplined Value John Hancock New York DFE: Pooled Separate Account $8,616
American Century Heritage John Hancock New York DFE: Pooled Separate Account $6,669
Invesco Small Cap Growth John Hancock New York DFE: Pooled Separate Account $6,386
Franklin Small-Mid Growth John Hancock New York DFE: Pooled Separate Account $4,074
Templeton World John Hancock New York DFE: Pooled Separate Account $3,248
Mutual Global Discovery John Hancock New York DFE: Pooled Separate Account $2,580
Pimco Real Return John Hancock New York DFE: Pooled Separate Account $622
Value Fund John Hancock New York DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock New York DFE: Pooled Separate Account $0
Total $12,755,859

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock New York 272
EIN 13-3646501
Industry Code 86375
Contract Number 80526
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $154,560
Value in Separate Accounts at Year End $12,755,859
Insurance Fees and Commissions $26,375
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Jr Benefit Services LLC 100 Quentin Roosevelt Boulevard Garden City, NY 11530 Insurance Agent or Broker $26,375 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates as Per Rules of Insurance Company
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 GUARANTEED INTEREST
Balance at the end of the previous year $136,135
Additions $18,509
Contributions Deposited during the year $17,673
Dividends and credits $0
Interest credited during the year $836
Transferred from separate account $0
Other $0
Total of Balance and Additions $154,644
Deductions $84
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $84
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $154,560