Civic Intelligence
Filing

Profit Sharing

Braxton F Smith MD PC • EIN 63-0746808 • Plan year 2001

Company ProfileSource Archive
Filing Insights

Participants

Flat

3 → 3

0 • 0.00%

Assets

Down

$799,202 → $752,926

-$46,276 • -5.79%

Investment Management Fee

-

Admin expenses - • Total expenses $17,772

Filing Details

Context
Net investment result
$-46,276

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

Not reported

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
200330$0$0-
Profit Sharing-0---
Pension Plan-0---
Profit Sharing-0---
200223$0$0-
Profit Sharing-3---
Pension Plan-3---
200123$1,032,688$23,696$7,899iApproximate average salary by contribution assumption: employee only about $197,467 at 4% or $131,644 at 6%; with 50% employer match about $131,644 at 4% or $87,763 at 6%; with 100% employer match about $98,733 at 4% or $65,822 at 6%.
Profit SharingCurrent3$752,926$17,772$5,924iApproximate average salary by contribution assumption: employee only about $148,100 at 4% or $98,733 at 6%; with 50% employer match about $98,733 at 4% or $65,822 at 6%; with 100% employer match about $74,050 at 4% or $49,367 at 6%.
Pension Plan-3$279,762$5,924$1,975iApproximate average salary by contribution assumption: employee only about $49,367 at 4% or $32,911 at 6%; with 50% employer match about $32,911 at 4% or $21,941 at 6%; with 100% employer match about $24,683 at 4% or $16,456 at 6%.
200023$1,111,794$23,914$7,971iApproximate average salary by contribution assumption: employee only about $199,283 at 4% or $132,856 at 6%; with 50% employer match about $132,856 at 4% or $88,570 at 6%; with 100% employer match about $99,642 at 4% or $66,428 at 6%.
Profit Sharing-3$799,202$17,936$5,979iApproximate average salary by contribution assumption: employee only about $149,467 at 4% or $99,644 at 6%; with 50% employer match about $99,644 at 4% or $66,430 at 6%; with 100% employer match about $74,733 at 4% or $49,822 at 6%.
Pension Plan-3$312,592$5,978$1,993iApproximate average salary by contribution assumption: employee only about $49,817 at 4% or $33,211 at 6%; with 50% employer match about $33,211 at 4% or $22,141 at 6%; with 100% employer match about $24,908 at 4% or $16,606 at 6%.
199923$1,065,548$22,490$7,497iApproximate average salary by contribution assumption: employee only about $187,417 at 4% or $124,944 at 6%; with 50% employer match about $124,944 at 4% or $83,296 at 6%; with 100% employer match about $93,708 at 4% or $62,472 at 6%.
Profit Sharing-3$733,231$16,868$5,623iApproximate average salary by contribution assumption: employee only about $140,567 at 4% or $93,711 at 6%; with 50% employer match about $93,711 at 4% or $62,474 at 6%; with 100% employer match about $70,283 at 4% or $46,856 at 6%.
Pension Plan-3$332,317$5,622$1,874iApproximate average salary by contribution assumption: employee only about $46,850 at 4% or $31,233 at 6%; with 50% employer match about $31,233 at 4% or $20,822 at 6%; with 100% employer match about $23,425 at 4% or $15,617 at 6%.
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$752,926-$46,276 change

Balance Sheet

Beginning and end of plan year.

Total assets$799,202$752,926Decrease -$46,276 (-5.79%)
Total liabilities$0$0No change $0
Net assets$799,202$752,926Decrease -$46,276 (-5.79%)

Contributions

Employer contributions$17,772
Participant contributions$0
Other contributions$0

Income & Expenses

Total income$-28,504
Total expenses$17,772
Net income$-46,276
Source fields
Schedule I source fields
Filing Id
84037347317022
Schedule I EIN
63-0746808
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2001-05-01
Schedule I Tax Period
20020430
Small plan total assets at beginning of year
$799,202
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$799,202
Small plan total assets at end of year
$752,926
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$752,926
Small plan employer contributions
$17,772
Small plan participant contributions
$0
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$-46,276
Small plan total income
$-28,504
Small plan total benefit distributions
$0
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$17,772
Small plan total expenses
$17,772
Small plan net income or loss
$-46,276
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
2
Small Investment Real Est End of year A
0
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
No
Small Mortg Participants End of year Amount
$0
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$100,000
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Waiver Annual Iqpa Report
2
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Transfers

Distributed property value$0
Schedule R source fields
Row 1
Filing Id
84037347317022
Schedule R Plan number
001
Schedule R Plan Year Begin Date
2001-05-01
Schedule R Tax Period
20020430
Pension Value Dstrb Pd Property Amount
$0
Pension Bnft Distribution Sngl Sum Count
0
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0