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NORTHEAST MEDICAL REPAIR RETIREMENT PLAN 401k Plan overview

Plan NameNORTHEAST MEDICAL REPAIR RETIREMENT PLAN
Plan identification number 002

NORTHEAST MEDICAL REPAIR RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.

401k Sponsoring company profile

NORTHEAST MEDICAL REPAIRS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTHEAST MEDICAL REPAIRS, INC.
Employer identification number (EIN):131464687
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHEAST MEDICAL REPAIR RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01

Plan Statistics for NORTHEAST MEDICAL REPAIR RETIREMENT PLAN

401k plan membership statisitcs for NORTHEAST MEDICAL REPAIR RETIREMENT PLAN

Measure Date Value
2021: NORTHEAST MEDICAL REPAIR RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-31140,351
Acturial value of plan assets2021-12-31140,351
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-314
Total funding liabilities for active participants2021-12-31104,613
Total participant count2021-12-314
Total funding target for all participants2021-12-31104,613
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-31114,485
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31114,485
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 year2021-12-310
Total employer contributions2021-12-31150,378
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 date2021-12-31145,646
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 cost2021-12-31103,034
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3167,296
Additional cash requirement2021-12-3167,296
Contributions allocatedtoward minimum required contributions for current year2021-12-31145,646
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310

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