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WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameWILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

WILLIAM P. ADAMS, JR., M.D., P.A. 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

WILLIAM P. ADAMS, JR M.D., P.A. has sponsored the creation of one or more 401k plans.

Company Name:WILLIAM P. ADAMS, JR M.D., P.A.
Employer identification number (EIN):202639259
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01WILLIAM P. ADAMS2015-08-26
0012013-01-01WILLIAM P. ADAMS, JR.2014-09-18
0012012-01-01WILLIAM P. ADAMS JR. M.D.2013-06-13
0012011-01-01WILLIAM P. ADAMS JR MD2012-07-17
0012010-01-01W. P. ADAMS, JR.2011-10-01
0012007-01-01KAY CAMPBELL

Plan Statistics for WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2021: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-10-312,509,635
Acturial value of plan assets2021-10-312,509,635
Funding target for retired participants and beneficiaries receiving payment2021-10-310
Number of terminated vested participants2021-10-310
Fundng target for terminated vested participants2021-10-310
Active participant vested funding target2021-10-311,795,348
Number of active participants2021-10-315
Total funding liabilities for active participants2021-10-311,808,228
Total participant count2021-10-315
Total funding target for all participants2021-10-311,808,228
Balance at beginning of prior year after applicable adjustments2021-10-310
Prefunding balance at beginning of prior year after applicable adjustments2021-10-31554,465
Carryover balanced portion elected for use to offset prior years funding requirement2021-10-310
Prefunding balanced used to offset prior years funding requirement2021-10-310
Amount remaining of carryover balance2021-10-310
Amount remaining of prefunding balance2021-10-31554,465
Present value of excess contributions2021-10-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-10-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-10-310
Reductions in caryover balances due to elections or deemed elections2021-10-310
Reductions in prefunding balances due to elections or deemed elections2021-10-310
Balance of carryovers at beginning of current year2021-10-310
Balance of prefunding at beginning of current year2021-10-31588,398
Total employer contributions2021-10-310
Total employee contributions2021-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-10-310
Contributions made to avoid restrictions adjusted to valuation date2021-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-10-310
Unpaid minimum required contributions for all prior years2021-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-10-310
Remaining amount of unpaid minimum required contributions2021-10-310
Minimum required contributions for current year target normal cost2021-10-310
Net shortfall amortization installment of oustanding balance2021-10-310
Waiver amortization installment2021-10-310
Total funding amount beforereflecting carryover/prefunding balances2021-10-310
Carryover balance elected to use to offset funding requirement2021-10-310
Prefunding balance elected to use to offset funding requirement2021-10-310
Additional cash requirement2021-10-310
Contributions allocatedtoward minimum required contributions for current year2021-10-310
Unpaid minimum required contributions for current year2021-10-310
Unpaid minimum required contributions for all years2021-10-310
2020: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,418,331
Acturial value of plan assets2020-12-312,418,332
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-3117,904
Active participant vested funding target2020-12-311,812,594
Number of active participants2020-12-316
Total funding liabilities for active participants2020-12-311,826,134
Total participant count2020-12-3112
Total funding target for all participants2020-12-311,844,038
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31357,184
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 balance2020-12-31357,184
Present value of excess contributions2020-12-31173,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31183,137
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31183,137
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 year2020-12-31554,465
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-3115,926
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 year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,138,184
Acturial value of plan assets2019-12-312,138,184
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3136,979
Active participant vested funding target2019-12-311,797,413
Number of active participants2019-12-316
Total funding liabilities for active participants2019-12-311,806,597
Total participant count2019-12-3112
Total funding target for all participants2019-12-311,843,576
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31192,578
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 balance2019-12-31192,578
Present value of excess contributions2019-12-31154,320
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31162,700
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31162,700
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 year2019-12-31357,184
Total employer contributions2019-12-31200,000
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 date2019-12-31184,120
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 cost2019-12-3110,580
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3110,580
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3110,580
Contributions allocatedtoward minimum required contributions for current year2019-12-31184,120
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,918,755
Acturial value of plan assets2018-12-311,918,755
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-316
Fundng target for terminated vested participants2018-12-3129,626
Active participant vested funding target2018-12-311,591,170
Number of active participants2018-12-316
Total funding liabilities for active participants2018-12-311,593,226
Total participant count2018-12-3112
Total funding target for all participants2018-12-311,622,852
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31141,370
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31141,370
Present value of excess contributions2018-12-3149,080
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3151,759
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3151,759
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 year2018-12-31192,578
Total employer contributions2018-12-31200,000
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 date2018-12-31185,702
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 cost2018-12-31134,707
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3131,382
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3131,382
Contributions allocatedtoward minimum required contributions for current year2018-12-31185,702
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,723,766
Acturial value of plan assets2017-12-311,723,766
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-3123,963
Active participant vested funding target2017-12-311,538,640
Number of active participants2017-12-314
Total funding liabilities for active participants2017-12-311,538,160
Total participant count2017-12-319
Total funding target for all participants2017-12-311,562,123
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3187,476
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3187,476
Present value of excess contributions2017-12-3150,914
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3153,999
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3153,999
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 year2017-12-31141,370
Total employer contributions2017-12-31200,000
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 date2017-12-31179,885
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 cost2017-12-31147,078
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31130,805
Additional cash requirement2017-12-31130,805
Contributions allocatedtoward minimum required contributions for current year2017-12-31179,885
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,530,338
Acturial value of plan assets2016-12-311,530,338
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-3112,650
Active participant vested funding target2016-12-311,506,462
Number of active participants2016-12-315
Total funding liabilities for active participants2016-12-311,523,411
Total participant count2016-12-319
Total funding target for all participants2016-12-311,536,061
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31139,039
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-3151,502
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3187,537
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-3187,476
Total employer contributions2016-12-31200,000
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 date2016-12-31177,618
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 cost2016-12-3195,981
Net shortfall amortization installment of oustanding balance2016-12-3193,181
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31126,704
Carryover balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31126,704
Contributions allocatedtoward minimum required contributions for current year2016-12-31177,618
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2007: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-013
Total number of active participants reported on line 7a of the Form 55002007-01-013
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-010
Total of all active and inactive participants2007-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Financial Data on WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2007 : WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2007 401k financial data
Transfers to/from the plan2007-12-31$0
Total plan liabilities at end of year2007-12-31$96,784
Total plan liabilities at beginning of year2007-12-31$96,784
Total income from all sources2007-12-31$165,514
Expenses. Total of all expenses incurred2007-12-31$94,091
Benefits paid (including direct rollovers)2007-12-31$0
Total plan assets at end of year2007-12-31$239,176
Total plan assets at beginning of year2007-12-31$167,753
Value of fidelity bond covering the plan2007-12-31$30,000
Total contributions received or receivable from participants2007-12-31$0
Expenses. Other expenses not covered elsewhere2007-12-31$94,091
Contributions received from other sources (not participants or employers)2007-12-31$0
Other income received2007-12-31$3,066
Noncash contributions received2007-12-31$0
Net income (gross income less expenses)2007-12-31$71,423
Net plan assets at end of year (total assets less liabilities)2007-12-31$142,392
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$70,969
Total contributions received or receivable from employer(s)2007-12-31$162,448
Value of certain deemed distributions of participant loans2007-12-31$0
Value of corrective distributions2007-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2007-12-31$0

Form 5500 Responses for WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN

2007: WILLIAM P. ADAMS, JR., M.D., P.A. DEFINED BENEFIT PENSION PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes

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