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FORM 5500 DATA

Nephrology Associates of Central Florida, P.A. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2007
  • Net Assets as of 12/31/2018 $23,920,404
  • 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 12/31/2018

  • Active (Eligible) Participants149
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits43
  • Subtotal192
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total192
  • Total number of participants as of 01/01/2018189
  • Number of participants with account balances191
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7

Expenses

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

Sponsor Information

  • Address807 S. Orlando Avenue Suite C
  • CityWinter Park
  • StateFL
  • Zip32789
  • Telephone(407) 894-4693
  • EIN59-1561574
  • Industry Code621111
  • Named AdministratorChristopher Aycrigg
  • Named Plan SponsorChristopher Aycrigg

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0746749
  • 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.
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 $5,350
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 $989,223
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 $732,011
Contributions $2,253,918
Cash Contributions $2,253,918
Cash from Employers $1,265,397
Cash from Participants $975,039
Others (including rollovers) $13,482
Noncash Contributions $0
Total Earnings on Investments $-1,538,347
Total Interest $276
Interest-Bearing Cash $276
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 $14,763
Preferred Stock $0
Common Stock $14,763
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 $-1,394,417
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 $-158,969
Other Income $16,440
Expenses $360,490
Total Benefit Payments $270,131
Directly to participants or beneficiaries, including direct rollovers $270,131
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 $90,359
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $90,359
Other Administrative Fees $0
Net Income $371,521
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 $23,921,457 $23,552,405 1.57%
Total noninterest-bearing cash $4,260 $18,479 -76.95%
Receivables $1,265,505 $1,229,422 2.93%
Employer Contributions $1,265,397 $1,225,748 3.23%
Participant Contributions $108 $3,674 -97.06%
Other Contributions $0 $0 0.0%
General Investments $274,528 $228,421 20.19%
Interest-bearing cash $274,528 $228,421 20.19%
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 $1,698,426 $1,639,842 3.57%
Preferred $0 $0 0.0%
Common $1,698,426 $1,639,842 3.57%
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 $20,111,547 $19,789,408 1.63%
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 $210,253 $208,662 0.76%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $356,938 $438,171 -18.54%
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 $1,053 $3,522 -70.10%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $1,053 $3,522 -70.10%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $23,920,404 $23,548,883 1.58%

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 Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $3,721,087
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $1,358,828
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $1,219,884
Jh Multimanager 2010 Lifetime John Hancock USA DFE: Pooled Separate Account $1,217,999
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $1,165,568
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $1,028,163
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $1,027,401
500 Index Fund John Hancock USA DFE: Pooled Separate Account $1,011,013
Money Market Fund John Hancock USA DFE: Pooled Separate Account $721,529
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $649,406
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $522,023
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $488,241
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $389,533
American Century Heritage John Hancock USA DFE: Pooled Separate Account $384,549
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $369,438
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $363,467
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $322,691
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $300,531
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $245,045
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $229,201
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $225,066
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $204,704
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $202,080
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $199,674
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $193,846
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $172,154
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $166,253
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $158,315
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $155,140
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $150,703
International Value Fund John Hancock USA DFE: Pooled Separate Account $122,696
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $121,665
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $109,327
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $101,018
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $93,326
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $90,804
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $89,798
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $89,565
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $82,605
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $81,333
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $66,043
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $63,094
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $62,764
U.S. Growth Fund John Hancock USA DFE: Pooled Separate Account $53,613
Jpmorgan Us Equity Fund John Hancock USA DFE: Pooled Separate Account $51,229
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $44,311
High Yield Fund John Hancock USA DFE: Pooled Separate Account $42,643
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $37,753
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $33,821
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $27,789
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $26,205
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $17,779
Dfa International Value John Hancock USA DFE: Pooled Separate Account $10,699
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $10,208
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $10,054
Jh Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $4,647
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $3,225
Total $20,111,546

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 191
EIN 01-0233346
Industry Code 65838
Contract Number 78335
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $20,111,547
Insurance Fees and Commissions $73,465
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Morgan Stanley Insurance Svs., Inc. 250 S. Park Avenue Winter Park, FL 32789 Insurance Agent or Broker $62,941 $22 OTHER ALLOWANCES
Bates & Company, Inc. 1201 S. Orlando Avenue Winter Park, FL 32789 Third Party Administrator $0 $10,502 TPA COMPENSATION
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