BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 401k Plan overview

BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN Benefits

401k Sponsoring company profile

Company Name:	BAY MEDICAL SOLUTIONS, INC.
Employer identification number (EIN):	010849751
NAIC Classification:	339110

Additional information about BAY MEDICAL SOLUTIONS, INC.

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2003-10-31
Company Identification Number:	P03000126949
Legal Registered Office Address:	10811 SUNSET PLAZA CIRCLE FT. MYERS 33908

More information about BAY MEDICAL SOLUTIONS, INC.

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01

Plan Statistics for BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN

Measure	Date	Value
2020: BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	232,197
Acturial value of plan assets	2020-12-31	232,197
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	258,572
Number of active participants	2020-12-31	3
Total funding liabilities for active participants	2020-12-31	258,572
Total participant count	2020-12-31	3
Total funding target for all participants	2020-12-31	258,572
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	7,214
Total employee contributions	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	6,593
Unpaid minimum required contributions for all prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	0
Net shortfall amortization installment of oustanding balance	2020-12-31	26,375
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	5,145
Additional cash requirement	2020-12-31	5,145
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	6,593
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	223,419
Acturial value of plan assets	2019-12-31	223,419
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	249,534
Number of active participants	2019-12-31	3
Total funding liabilities for active participants	2019-12-31	249,534
Total participant count	2019-12-31	3
Total funding target for all participants	2019-12-31	249,534
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	3
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	3
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	4,994
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	4,489
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	0
Net shortfall amortization installment of oustanding balance	2019-12-31	26,115
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	4,482
Additional cash requirement	2019-12-31	4,482
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	4,489
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	219,425
Acturial value of plan assets	2018-12-31	219,425
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	231,715
Number of active participants	2018-12-31	3
Total funding liabilities for active participants	2018-12-31	231,715
Total participant count	2018-12-31	3
Total funding target for all participants	2018-12-31	231,715
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	34,047
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	36,178
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	2,198
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	2,009
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	0
Net shortfall amortization installment of oustanding balance	2018-12-31	12,290
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	2,006
Additional cash requirement	2018-12-31	2,006
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	2,009
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets	2017-12-31	144,882
Acturial value of plan assets	2017-12-31	144,882
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	103,931
Number of active participants	2017-12-31	3
Total funding liabilities for active participants	2017-12-31	103,931
Total participant count	2017-12-31	3
Total funding target for all participants	2017-12-31	103,931
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	43,357
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	46,097
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	64,425
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	58,101
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	65,005
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	24,054
Additional cash requirement	2017-12-31	24,054
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	58,101
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: BAY MEDICAL SOLUTIONS, INC. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets	2016-12-31	0
Acturial value of plan assets	2016-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	0
Number of active participants	2016-12-31	3
Total funding liabilities for active participants	2016-12-31	0
Total participant count	2016-12-31	3
Total funding target for all participants	2016-12-31	0
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	155,000
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	136,096
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	92,739
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	92,739
Additional cash requirement	2016-12-31	92,739
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	136,096
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Potentially related plans

• BAY MEDICAL MANAGEMENT, LLC EMPLOYEE BENEFIT PLAN [EIN = 680423282]
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• BAY MEDICAL CENTER EMPLOYEES' DEFINED CONTRIBUTIO PENSION PLAN [EIN = 381976271]
• BAY MEDICAL MANAGEMENT, LLC CASH BALANCE PENSION PLAN [EIN = 680423282]
• BAY MEDICAL CENTER 401(K) PROFIT SHARING PLAN [EIN = 591889213]
• BAY MEDICAL COMPANY INC - 401(K) PLAN [EIN = 030450178]
• BAY MEDICAL CLINIC, INC. PROFIT SHARING PLAN [EIN = 911326954]
• BAY MEDICAL ASSOC. P.A. 401(K) PLAN [EIN = 020433404]
• BAY MEDICAL MANAGEMENT, LLC CASH BALANCE PENSION PLAN 2 [EIN = 680423282]
• BAY MEDICAL MANAGEMENT, LLC EMPLOYEE BENEFIT PLAN [EIN = 680264959]
• BAY MEDICAL SOLUTIONS, INC. PROFIT SHARING PLAN [EIN = 020741302]
• BAY MEDICAL MANAGEMENT, LLC CASH BALANCE PLAN 3 [EIN = 680423282]

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