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JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameJOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN
Plan identification number 001

JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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 A. FAGAN, M.D. FAMILY PRACTICE, APC has sponsored the creation of one or more 401k plans.

Company Name:JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC
Employer identification number (EIN):050534595
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01JOHN A. FAGAN, M.D.2013-10-01 JOHN A. FAGAN, M.D.2013-10-01
0012011-01-01JOHN A. FAGAN, M.D.2012-10-15 JOHN A. FAGAN, M.D.2012-10-15
0012010-01-01JOHN A FAGAN, MD2011-09-21 JOHN A FAGAN, MD2011-09-21

Plan Statistics for JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-313,836,712
Acturial value of plan assets2022-12-313,836,712
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3122
Fundng target for terminated vested participants2022-12-3135,379
Active participant vested funding target2022-12-312,966,920
Number of active participants2022-12-3117
Total funding liabilities for active participants2022-12-312,970,577
Total participant count2022-12-3139
Total funding target for all participants2022-12-313,005,956
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31125,004
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31125,004
Present value of excess contributions2022-12-31415,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31415,606
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31134,017
Total employer contributions2022-12-31436,500
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31421,428
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31346,012
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31421,428
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-314,051,577
Acturial value of plan assets2021-12-314,051,577
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3125
Fundng target for terminated vested participants2021-12-31363,444
Active participant vested funding target2021-12-311,916,449
Number of active participants2021-12-3119
Total funding liabilities for active participants2021-12-311,919,851
Total participant count2021-12-3144
Total funding target for all participants2021-12-312,283,295
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31121,116
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31121,116
Present value of excess contributions2021-12-31678,184
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31678,184
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31125,004
Total employer contributions2021-12-31430,222
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31415,606
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31223,783
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31415,606
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-313,164,868
Acturial value of plan assets2020-12-313,164,868
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3122
Fundng target for terminated vested participants2020-12-31307,092
Active participant vested funding target2020-12-311,506,415
Number of active participants2020-12-3118
Total funding liabilities for active participants2020-12-311,508,136
Total participant count2020-12-3140
Total funding target for all participants2020-12-311,815,228
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31109,916
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31109,916
Present value of excess contributions2020-12-31426,095
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31426,095
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31121,116
Total employer contributions2020-12-31688,503
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31678,184
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31258,835
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31678,184
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,558,940
Acturial value of plan assets2019-12-312,558,940
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3118
Fundng target for terminated vested participants2019-12-31225,640
Active participant vested funding target2019-12-311,287,360
Number of active participants2019-12-3118
Total funding liabilities for active participants2019-12-311,292,228
Total participant count2019-12-3136
Total funding target for all participants2019-12-311,517,868
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31112,331
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31112,331
Present value of excess contributions2019-12-31295,759
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31295,759
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31109,916
Total employer contributions2019-12-31439,002
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31426,095
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31220,120
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31426,095
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,050,778
Acturial value of plan assets2018-12-312,050,778
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3117
Fundng target for terminated vested participants2018-12-31201,540
Active participant vested funding target2018-12-311,118,794
Number of active participants2018-12-3117
Total funding liabilities for active participants2018-12-311,120,236
Total participant count2018-12-3134
Total funding target for all participants2018-12-311,321,776
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31103,483
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 balance2018-12-31103,483
Present value of excess contributions2018-12-31293,268
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31293,268
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 year2018-12-31112,331
Total employer contributions2018-12-31300,000
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 date2018-12-31295,759
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 cost2018-12-31125,826
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31295,759
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,782,531
Acturial value of plan assets2017-12-311,782,531
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3115
Fundng target for terminated vested participants2017-12-31187,715
Active participant vested funding target2017-12-31886,382
Number of active participants2017-12-3115
Total funding liabilities for active participants2017-12-31886,817
Total participant count2017-12-3130
Total funding target for all participants2017-12-311,074,532
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31100,557
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 balance2017-12-31100,557
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31103,483
Total employer contributions2017-12-31305,087
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 date2017-12-31293,268
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 cost2017-12-31108,212
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31293,268
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: JOHN A. FAGAN, M.D. FAMILY PRACTICE, APC DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,642,080
Acturial value of plan assets2016-12-311,642,080
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3110
Fundng target for terminated vested participants2016-12-31170,168
Active participant vested funding target2016-12-31833,161
Number of active participants2016-12-3115
Total funding liabilities for active participants2016-12-31835,617
Total participant count2016-12-3125
Total funding target for all participants2016-12-311,005,785
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31101,820
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 balance2016-12-31101,820
Present value of excess contributions2016-12-31389,286
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31389,286
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 year2016-12-31100,557
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-31532
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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