Back to top

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 Year01/01/2018 — 12/31/2018
  • Date of Plan06/01/2001
  • Net Assets as of 12/31/2018 $13,135,036
  • 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 12/31/2018

  • Active (Eligible) Participants153
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits127
  • Subtotal280
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total280
  • Total number of participants as of 01/01/2018274
  • Number of participants with account balances280
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

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 $464,780
Contributions $1,191,395
Cash Contributions $1,191,395
Cash from Employers $494,989
Cash from Participants $695,255
Others (including rollovers) $1,151
Noncash Contributions $0
Total Earnings on Investments $-726,615
Total Interest $5,569
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,058
Interest from Other Investments $1,511
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 $-732,184
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 $0
Expenses $708,205
Total Benefit Payments $625,707
Directly to participants or beneficiaries, including direct rollovers $625,707
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 $82,498
Professional Fees $0
Contract Administrator Fees $53,366
Investment Advisory and management fees $27,032
Other Administrative Fees $2,100
Net Income $-243,425
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $13,135,036 $13,378,632 -1.82%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $514,736 $467,235 10.17%
Employer Contributions $494,783 $449,200 10.15%
Participant Contributions $19,953 $18,035 10.63%
Other Contributions $0 $0 0.0%
General Investments $6,910 $978 606.54%
Interest-bearing cash $6,910 $978 606.54%
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 $105,698 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $12,349,116 $12,755,859 -3.19%
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 $158,576 $154,560 2.60%
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 $171 -100.00%
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) $0 $171 -100.00%
Net Assets $13,135,036 $13,378,461 -1.82%

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
Jrf Assets Advisors, LLC Investment advisory (participants) RIA $0 $27,034 $27,034
Total $0 $27,034 $27,034

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 Multimanager Balanced Ls John Hancock New York DFE: Pooled Separate Account $2,355,429
Jpmorgan U.S. Equity Fund John Hancock New York DFE: Pooled Separate Account $2,124,517
Jh Multimanager Moderate Ls John Hancock New York DFE: Pooled Separate Account $1,377,741
Jh Multimanager Growth Ls John Hancock New York DFE: Pooled Separate Account $833,792
500 Index Fund John Hancock New York DFE: Pooled Separate Account $801,075
Blue Chip Growth Fund John Hancock New York DFE: Pooled Separate Account $580,583
Money Market Fund John Hancock New York DFE: Pooled Separate Account $505,260
Jh Multimanager Aggressive Ls John Hancock New York DFE: Pooled Separate Account $438,158
Oppenheimer Global John Hancock New York DFE: Pooled Separate Account $397,839
Oppenheimer Developing Mkt John Hancock New York DFE: Pooled Separate Account $279,274
Fidelity Advisor Total Bond John Hancock New York DFE: Pooled Separate Account $265,100
Clearbridge Aggressive Growth John Hancock New York DFE: Pooled Separate Account $213,960
Jpmorgan Midcap Value Fund John Hancock New York DFE: Pooled Separate Account $185,045
Jh Multimanager Conserv Ls John Hancock New York DFE: Pooled Separate Account $156,078
Dfa U.S. Small Cap Fund John Hancock New York DFE: Pooled Separate Account $144,268
Small Cap Index Fund John Hancock New York DFE: Pooled Separate Account $131,622
T. Rowe Price Spectrum Inc John Hancock New York DFE: Pooled Separate Account $119,239
Investment Company of America John Hancock New York DFE: Pooled Separate Account $116,748
Real Est. Securities Fund John Hancock New York DFE: Pooled Separate Account $116,481
High Yield Fund John Hancock New York DFE: Pooled Separate Account $102,083
American Balanced Fund John Hancock New York DFE: Pooled Separate Account $95,488
Science & Technology Fund John Hancock New York DFE: Pooled Separate Account $85,743
Franklin Mutual Beacon Fund John Hancock New York DFE: Pooled Separate Account $75,968
T. Rowe Price Sci & Tech John Hancock New York DFE: Pooled Separate Account $73,385
Washington Mutual Investors John Hancock New York DFE: Pooled Separate Account $72,374
Intl Equity Index Fund John Hancock New York DFE: Pooled Separate Account $69,086
Mid Cap Index Fund John Hancock New York DFE: Pooled Separate Account $64,317
Intl Small Cap Fund John Hancock New York DFE: Pooled Separate Account $60,444
T. Rowe Price Sml Cap Val John Hancock New York DFE: Pooled Separate Account $58,032
John Hancock Bond Fund John Hancock New York DFE: Pooled Separate Account $51,386
International Value Fund John Hancock New York DFE: Pooled Separate Account $41,746
Vanguard Energy Fund John Hancock New York DFE: Pooled Separate Account $38,272
Financial Industries Fund John Hancock New York DFE: Pooled Separate Account $36,486
Total Stock Market Index Fund John Hancock New York DFE: Pooled Separate Account $35,419
Vanguard Short-Term Federal John Hancock New York DFE: Pooled Separate Account $30,769
Capital Appreciation Fund John Hancock New York DFE: Pooled Separate Account $26,370
Europacific Growth Fund John Hancock New York DFE: Pooled Separate Account $26,368
T. Rowe Price Equity Inc John Hancock New York DFE: Pooled Separate Account $25,216
Equity Income Fund John Hancock New York DFE: Pooled Separate Account $24,474
T. Rowe Price Health Sci John Hancock New York DFE: Pooled Separate Account $24,109
Pimco Global Bond Opps Fund John Hancock New York DFE: Pooled Separate Account $23,544
Utilities Fund John Hancock New York DFE: Pooled Separate Account $17,518
Ivy Asset Strategy Fund John Hancock New York DFE: Pooled Separate Account $11,940
Domini Impact Equity Fund John Hancock New York DFE: Pooled Separate Account $10,359
Fundamental Large Cap Value John Hancock New York DFE: Pooled Separate Account $7,697
Franklin Small-Mid Growth John Hancock New York DFE: Pooled Separate Account $6,847
Templeton World John Hancock New York DFE: Pooled Separate Account $3,421
Mutual Global Discovery John Hancock New York DFE: Pooled Separate Account $3,355
American Century Heritage John Hancock New York DFE: Pooled Separate Account $1,917
Invesco Small Cap Growth John Hancock New York DFE: Pooled Separate Account $1,341
The Growth Fund of America John Hancock New York DFE: Pooled Separate Account $736
Pimco Real Return John Hancock New York DFE: Pooled Separate Account $606
John Hancock Disciplined Value John Hancock New York DFE: Pooled Separate Account $91
Investment Qual Bond Fund John Hancock New York DFE: Pooled Separate Account $0
Total $12,349,116

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock New York 301
EIN 13-3646501
Industry Code 86375
Contract Number 80526
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $1,588,576
Value in Separate Accounts at Year End $12,349,116
Insurance Fees and Commissions $8,342
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Associated Pension Consultants, Inc 111 Express Street Plainview, NY 11803 Insurance Agent or Broker $0 $8,342 TPA COMPENSATION (8311) OTHER ALLOWANCES (31)
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 $154,560
Additions $21,740
Contributions Deposited during the year $17,940
Dividends and credits $0
Interest credited during the year $1,511
Transferred from separate account $1,387
Other $902
Total of Balance and Additions $176,300
Deductions $17,724
Disbursed from fund to pay benefits or purchase annuities during the year $16,646
Administration charge made by carrier $1,078
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $158,576