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JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN 401k Plan overview

Plan NameJOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN
Plan identification number 002

JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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.

401k Sponsoring company profile

JOHN E. CANESI, D.M.D., P.C. has sponsored the creation of one or more 401k plans.

Company Name:JOHN E. CANESI, D.M.D., P.C.
Employer identification number (EIN):042564317
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01JOHN CANESI2015-07-05
0022013-01-01JOHN CANESI2014-06-29
0022012-01-01JOHN CANESI2013-07-02
0022011-01-01JOHN CANESI2012-07-30
0022010-01-01JOHN CANESI2011-07-20

Plan Statistics for JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN

401k plan membership statisitcs for JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN

Measure Date Value
2019: JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-07-311,364,944
Acturial value of plan assets2019-07-311,364,944
Funding target for retired participants and beneficiaries receiving payment2019-07-310
Number of terminated vested participants2019-07-312
Fundng target for terminated vested participants2019-07-312,430
Active participant vested funding target2019-07-311,343,132
Number of active participants2019-07-3114
Total funding liabilities for active participants2019-07-311,343,132
Total participant count2019-07-3116
Total funding target for all participants2019-07-311,345,562
Balance at beginning of prior year after applicable adjustments2019-07-310
Prefunding balance at beginning of prior year after applicable adjustments2019-07-31119,522
Carryover balanced portion elected for use to offset prior years funding requirement2019-07-310
Prefunding balanced used to offset prior years funding requirement2019-07-310
Amount remaining of carryover balance2019-07-310
Amount remaining of prefunding balance2019-07-31119,522
Present value of excess contributions2019-07-312,253
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-07-312,253
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-07-310
Reductions in caryover balances due to elections or deemed elections2019-07-310
Reductions in prefunding balances due to elections or deemed elections2019-07-31116,140
Balance of carryovers at beginning of current year2019-07-310
Balance of prefunding at beginning of current year2019-07-310
Total employer contributions2019-07-310
Total employee contributions2019-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-07-310
Contributions made to avoid restrictions adjusted to valuation date2019-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-07-310
Unpaid minimum required contributions for all prior years2019-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-07-310
Remaining amount of unpaid minimum required contributions2019-07-310
Minimum required contributions for current year target normal cost2019-07-3117,136
Total funding amount beforereflecting carryover/prefunding balances2019-07-310
Additional cash requirement2019-07-310
Contributions allocatedtoward minimum required contributions for current year2019-07-310
Unpaid minimum required contributions for current year2019-07-310
Unpaid minimum required contributions for all years2019-07-310
2018: JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-311,274,325
Acturial value of plan assets2018-12-311,274,325
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-312,127
Active participant vested funding target2018-12-311,236,748
Number of active participants2018-12-3114
Total funding liabilities for active participants2018-12-311,236,748
Total participant count2018-12-3115
Total funding target for all participants2018-12-311,238,875
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31105,922
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31105,922
Present value of excess contributions2018-12-3141,013
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3141,013
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31119,522
Total employer contributions2018-12-3190,986
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3190,605
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3188,352
Total funding amount beforereflecting carryover/prefunding balances2018-12-3188,352
Additional cash requirement2018-12-3188,352
Contributions allocatedtoward minimum required contributions for current year2018-12-3190,605
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-311,220,073
Acturial value of plan assets2017-12-311,220,073
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-311,073,828
Number of active participants2017-12-3114
Total funding liabilities for active participants2017-12-311,073,828
Total participant count2017-12-3114
Total funding target for all participants2017-12-311,073,828
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31100,974
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31100,974
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3135,415
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31105,922
Total employer contributions2017-12-3190,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3191,172
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3184,635
Total funding amount beforereflecting carryover/prefunding balances2017-12-3150,159
Additional cash requirement2017-12-3150,159
Contributions allocatedtoward minimum required contributions for current year2017-12-3191,172
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: JOHN E. CANESI, D.M.D., P.C. CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31951,545
Acturial value of plan assets2016-12-31951,545
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31930,611
Number of active participants2016-12-3113
Total funding liabilities for active participants2016-12-31930,611
Total participant count2016-12-3113
Total funding target for all participants2016-12-31930,611
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31105,050
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31105,050
Present value of excess contributions2016-12-318,688
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-318,688
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31100,974
Total employer contributions2016-12-31128,310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31128,412
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3186,900
Net shortfall amortization installment of oustanding balance2016-12-3128,006
Total funding amount beforereflecting carryover/prefunding balances2016-12-3192,997
Additional cash requirement2016-12-3192,997
Contributions allocatedtoward minimum required contributions for current year2016-12-31128,412
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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