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LONG ISLAND SURGERY PC CASH BALANCE PLAN 401k Plan overview

Plan NameLONG ISLAND SURGERY PC CASH BALANCE PLAN
Plan identification number 002

LONG ISLAND SURGERY PC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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

LONG ISLAND SURGERY, PC has sponsored the creation of one or more 401k plans.

Company Name:LONG ISLAND SURGERY, PC
Employer identification number (EIN):113382645
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LONG ISLAND SURGERY PC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01HARRY ROSENBERG2014-10-13
0022012-01-01HARRY ROSENBERG2013-10-15
0022011-01-01WILLIAM WALLER2012-10-15

Plan Statistics for LONG ISLAND SURGERY PC CASH BALANCE PLAN

401k plan membership statisitcs for LONG ISLAND SURGERY PC CASH BALANCE PLAN

Measure Date Value
2022: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-314,710,787
Acturial value of plan assets2022-12-314,710,787
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-317
Fundng target for terminated vested participants2022-12-3143,962
Active participant vested funding target2022-12-313,910,054
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-313,911,932
Total participant count2022-12-3116
Total funding target for all participants2022-12-313,955,894
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31866,364
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3140,036
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31826,328
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 elections2022-12-3182,849
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31754,800
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-31180,787
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31180,694
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31180,694
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-314,636,588
Acturial value of plan assets2021-12-314,636,588
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3132,752
Active participant vested funding target2021-12-313,571,874
Number of active participants2021-12-3112
Total funding liabilities for active participants2021-12-313,573,864
Total participant count2021-12-3117
Total funding target for all participants2021-12-313,606,616
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31583,568
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 balance2021-12-31583,568
Present value of excess contributions2021-12-31214,146
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31224,147
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31224,147
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 year2021-12-31866,364
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-31203,644
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3140,036
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3140,036
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-313,889,899
Acturial value of plan assets2020-12-313,889,899
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-314
Fundng target for terminated vested participants2020-12-3118,609
Active participant vested funding target2020-12-313,106,585
Number of active participants2020-12-3112
Total funding liabilities for active participants2020-12-313,107,450
Total participant count2020-12-3116
Total funding target for all participants2020-12-313,126,059
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31560,000
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3136,855
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31523,145
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-31583,568
Total employer contributions2020-12-31339,000
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 date2020-12-31313,706
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 cost2020-12-31279,832
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3199,560
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3199,560
Contributions allocatedtoward minimum required contributions for current year2020-12-31313,706
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-313,202,280
Acturial value of plan assets2019-12-313,202,280
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-314
Fundng target for terminated vested participants2019-12-3117,315
Active participant vested funding target2019-12-312,624,260
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-312,624,260
Total participant count2019-12-3115
Total funding target for all participants2019-12-312,641,575
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31976,363
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 balance2019-12-31976,363
Present value of excess contributions2019-12-3167,577
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3171,334
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3171,334
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31423,550
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31560,000
Total employer contributions2019-12-31295,000
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 date2019-12-31272,734
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 cost2019-12-31310,294
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31309,589
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3136,855
Additional cash requirement2019-12-31272,734
Contributions allocatedtoward minimum required contributions for current year2019-12-31272,734
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-313,041,951
Acturial value of plan assets2018-12-313,041,951
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-3116,019
Active participant vested funding target2018-12-312,044,863
Number of active participants2018-12-3110
Total funding liabilities for active participants2018-12-312,045,645
Total participant count2018-12-3114
Total funding target for all participants2018-12-312,061,664
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31813,000
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 balance2018-12-31813,000
Present value of excess contributions2018-12-3183,129
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3187,917
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3187,917
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 year2018-12-31976,363
Total employer contributions2018-12-31373,000
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 date2018-12-31340,438
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 cost2018-12-31276,785
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31272,861
Additional cash requirement2018-12-31272,861
Contributions allocatedtoward minimum required contributions for current year2018-12-31340,438
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-312,437,918
Acturial value of plan assets2017-12-312,437,918
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3111,513
Active participant vested funding target2017-12-311,613,190
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-311,613,190
Total participant count2017-12-3114
Total funding target for all participants2017-12-311,624,703
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31697,900
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 balance2017-12-31697,900
Present value of excess contributions2017-12-31151,785
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31160,816
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31160,816
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3165,955
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31813,000
Total employer contributions2017-12-31373,000
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 date2017-12-31339,556
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 cost2017-12-31256,642
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31256,427
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31256,427
Contributions allocatedtoward minimum required contributions for current year2017-12-31339,556
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: LONG ISLAND SURGERY PC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-311,945,152
Acturial value of plan assets2016-12-311,945,152
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-311,687
Active participant vested funding target2016-12-311,245,559
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-311,245,559
Total participant count2016-12-3113
Total funding target for all participants2016-12-311,247,246
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31618,300
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 balance2016-12-31618,300
Present value of excess contributions2016-12-31167,839
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31178,161
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31178,161
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3186,195
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31697,900
Total employer contributions2016-12-31431,000
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 date2016-12-31390,800
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 cost2016-12-31239,021
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31239,015
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31239,015
Contributions allocatedtoward minimum required contributions for current year2016-12-31390,800
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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