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JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 401k Plan overview

Plan NameJOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN
Plan identification number 002

JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT 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).
  • 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

JOSEPH A. GIAIMO, DO, PA has sponsored the creation of one or more 401k plans.

Company Name:JOSEPH A. GIAIMO, DO, PA
Employer identification number (EIN):201671699
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01JOSEPH A. GIAIMO DO, PA
0022014-01-01
0022013-01-01
0022012-01-01JOSEPH A. GIAIMO DO, PA2013-07-31
0022011-01-01JOSEPH A. GIAIMO DO, PA2012-07-31
0022010-01-01JOSEPH A. GIAIMO DO, PA2011-10-14

Plan Statistics for JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN

401k plan membership statisitcs for JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN

Measure Date Value
2022: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-07-292,816,422
Acturial value of plan assets2022-07-292,816,422
Funding target for retired participants and beneficiaries receiving payment2022-07-290
Number of terminated vested participants2022-07-290
Fundng target for terminated vested participants2022-07-290
Active participant vested funding target2022-07-292,732,923
Number of active participants2022-07-291
Total funding liabilities for active participants2022-07-292,732,923
Total participant count2022-07-291
Total funding target for all participants2022-07-292,732,923
Balance at beginning of prior year after applicable adjustments2022-07-290
Prefunding balance at beginning of prior year after applicable adjustments2022-07-290
Carryover balanced portion elected for use to offset prior years funding requirement2022-07-290
Prefunding balanced used to offset prior years funding requirement2022-07-290
Amount remaining of carryover balance2022-07-290
Amount remaining of prefunding balance2022-07-290
Present value of excess contributions2022-07-29114,570
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-07-29114,570
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-07-290
Reductions in caryover balances due to elections or deemed elections2022-07-290
Reductions in prefunding balances due to elections or deemed elections2022-07-290
Balance of carryovers at beginning of current year2022-07-290
Balance of prefunding at beginning of current year2022-07-290
Total employer contributions2022-07-290
Total employee contributions2022-07-290
Contributions allocated toward unpaid minimum require contributions from prior years2022-07-290
Contributions made to avoid restrictions adjusted to valuation date2022-07-290
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-07-290
Unpaid minimum required contributions for all prior years2022-07-290
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-07-290
Remaining amount of unpaid minimum required contributions2022-07-290
Minimum required contributions for current year target normal cost2022-07-290
Net shortfall amortization installment of oustanding balance2022-07-290
Waiver amortization installment2022-07-290
Total funding amount beforereflecting carryover/prefunding balances2022-07-290
Carryover balance elected to use to offset funding requirement2022-07-290
Prefunding balance elected to use to offset funding requirement2022-07-290
Additional cash requirement2022-07-290
Contributions allocatedtoward minimum required contributions for current year2022-07-290
Unpaid minimum required contributions for current year2022-07-290
Unpaid minimum required contributions for all years2022-07-290
2021: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-312,701,838
Acturial value of plan assets2021-12-312,701,838
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 target2021-12-312,422,099
Number of active participants2021-12-311
Total funding liabilities for active participants2021-12-312,422,099
Total participant count2021-12-311
Total funding target for all participants2021-12-312,422,099
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 contributions2021-12-317,548
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-317,548
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 contributions2021-12-31115,229
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 date2021-12-31114,570
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 cost2021-12-31255,149
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 year2021-12-31114,570
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-312,381,127
Acturial value of plan assets2020-12-312,381,127
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-312,435,839
Number of active participants2020-12-311
Total funding liabilities for active participants2020-12-312,435,839
Total participant count2020-12-312
Total funding target for all participants2020-12-312,435,839
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-31112,321
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31112,321
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 year2020-12-310
Total employer contributions2020-12-31153,550
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 date2020-12-31155,267
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 cost2020-12-31138,857
Net shortfall amortization installment of oustanding balance2020-12-3154,712
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31147,719
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31147,719
Contributions allocatedtoward minimum required contributions for current year2020-12-31155,267
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-312,425,931
Acturial value of plan assets2019-12-312,425,931
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3122,050
Active participant vested funding target2019-12-312,207,046
Number of active participants2019-12-312
Total funding liabilities for active participants2019-12-312,207,046
Total participant count2019-12-318
Total funding target for all participants2019-12-312,229,096
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-311,587
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,587
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31110,000
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 date2019-12-31112,321
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 cost2019-12-31137,967
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 year2019-12-31112,321
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,947,796
Acturial value of plan assets2018-12-311,947,796
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-3120,877
Active participant vested funding target2018-12-311,982,967
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-311,982,967
Total participant count2018-12-317
Total funding target for all participants2018-12-312,003,844
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-310
Total employer contributions2018-12-31138,957
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 date2018-12-31140,546
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 cost2018-12-31129,809
Net shortfall amortization installment of oustanding balance2018-12-3156,048
Waiver amortization installment2018-12-310
Waived amount of outstanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31138,959
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31138,959
Contributions allocatedtoward minimum required contributions for current year2018-12-31140,546
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-311,980,331
Acturial value of plan assets2017-12-311,980,331
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-3117,449
Active participant vested funding target2017-12-311,630,796
Number of active participants2017-12-311
Total funding liabilities for active participants2017-12-311,630,796
Total participant count2017-12-317
Total funding target for all participants2017-12-311,648,245
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31118,901
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31118,901
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 year2017-12-310
Total employer contributions2017-12-31120,000
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 date2017-12-31122,830
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 cost2017-12-31122,591
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31122,830
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: JOSEPH A. GIAIMO, DO, PA DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-311,647,894
Acturial value of plan assets2016-12-311,647,894
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3111,183
Active participant vested funding target2016-12-311,409,183
Number of active participants2016-12-313
Total funding liabilities for active participants2016-12-311,409,183
Total participant count2016-12-317
Total funding target for all participants2016-12-311,420,366
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-31124,853
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31124,853
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 year2016-12-310
Total employer contributions2016-12-31116,960
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 date2016-12-31118,901
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 cost2016-12-31122,123
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31118,901
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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